Tesla Stock Rises. The Rest of the Magnificent 7 Can't Match It.

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Japanese tech stocks dragged the benchmark Nikkei 225 lower on Thursday. It doesn’t look like the same thing will happen in the U.S. but that’s largely due to Tesla climbing higher, judging by premarket action.

The EV maker was the benchmark S&P 500’s biggest winner on Wednesday, and it climbed another 2.5% ahead of the opening bell.

Chip maker Nvidia edged up 0.4%, but the other five members of the Magnificent Seven–Apple, Microsoft, Google owner Alphabet, Amazon, and Facebook parent Meta Platforms–were either trading flat or in the red.

Roundhill’s Magnificent Seven exchange-traded fund, which tracks the Big Tech group, climbed 0.4%, largely powered higher by Tesla’s gains.

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