Tech stocks drop as Nasdaq Index slumps – Tesla Outperforms, NVIDIA tumbles

<p>The major indices slumped into the close with the Nasdaq index hit the hardest. A snapshot of the close levels and shows:</p><ul><li>Dow Industrial Average felt -70.15 points or -0.19% at 36054.44. At session highs the index was up 168.01 points</li><li>S&amp;P index fell -17.82 point or -0.39% at 4549.35. At session highs the index was up 23.57 points</li><li>Nasdaq index fell -83.21 points or -0.58% at 14146.70. At session highs the index was up 97.72 points</li></ul><p>To summarize and rank the "Magnificent Seven" stocks from best to worst performance based on the given data:</p><ul><li>TSLA (Tesla) – The best performer with a price of $239.41, it was the only stock to see positive movement, up by $0.69 or 0.29%.</li><li>META (Meta Platforms, formerly Facebook) – Next, with a price of $317.36, it had a minimal drop of $-0.93 or -0.29%.</li><li>AAPL (Apple) – Priced at $192.27, it saw a slightly larger decline, down $-1.16 or -0.60%.</li><li>GOOGL (Alphabet, Google's parent company) – With a price of $130.03, it decreased by $-0.96 or -0.73%.</li><li>MSFT (Microsoft) – It fell to $368.81, down $-3.71 or -1.00%.</li><li>AMZN (Amazon) – At $144.48, it experienced a drop of $-2.40 or -1.63%.</li><li>NVDA (NVIDIA) – The worst performer among the seven, with a price of $455.04, it declined by $-10.62 or -2.28%.</li></ul><p>Looking at the broader S&amp;P index, three of the 11 components showed gains led by utilities and eight moved lower with energy performing the worst. Crude prices are down over 4.1% in trading today helping to lead to the decline in the energy component sector</p><p>Winners (Positive Performance):</p><ul><li>S5UTIL (Utilities) – Up by 1.38% to 321.01.</li><li>S5INDU (Industrials) – Increased by 0.47% to 915.36.</li><li>S5HLTb (Health Care) – Slightly up by 0.06% to 1534.11.</li></ul><p>Losers (Negative Performance):</p><ul><li>S5COND (Consumer Discretionary) – Decreased by -0.03% to 1351.45</li><li>S5MATF (Materials) – Decreased by -0.16% to 508.73.</li><li>S5C0NÍ (Consumer Discretionary) – Fell by -0.23% to 740.21.</li><li>55REAS (Real Estate) – Down by -0.34% to 237.30.</li><li>S5TELS (Telecommunications Services) – Declined by -0.46% to 230.46.</li><li>SPF (Financials) – Dropped by -0.51% to 593.42.</li><li>S5INFT (Information Technology) – Lowered by -0.93% to 3231.76.</li><li>SPN (Energy) – The largest decline of -1.64% to 620.14.</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.