The morning trading session on Friday saw a decline in the shares of all the Magnificent 7 biggest technology stocks. Stronger-than-expected September jobs data dashed hopes that the Federal Reserve might soon end its policy of interest rate hikes, resulting in a negative impact on equity valuations.
Apple Inc. (AAPL)
Shares of Apple Inc. dropped 0.8% after an initial increase of 0.3% pre-data.
Microsoft Corp. (MSFT)
Shares of Microsoft Corp. fell 0.9% to reverse a pre-data gain of 0.3%.
Alphabet Inc. (GOOGL)
Shares of Alphabet Inc. shed 1.2% after remaining relatively stable prior to the data release.
Amazon.com Inc. (AMZN)
Shares of Amazon.com Inc. lost 1.9% compared to a pre-data gain of 0.4%.
Meta Platforms Inc. (META)
Shares of Meta Platforms Inc. slid 1.2% but showed minimal change pre-data.
Tesla Inc. (TSLA)
Shares of Tesla Inc. dropped 2.8% extending its pre-data loss of 1.3%.
Nvidia Corp. (NVDA)
The loss in Nvidia Corp.'s stock increased to 1.3% from 0.2% pre-data.
Additionally, the SPDR S&P 500 ETF was down 0.8% post-data after experiencing a slight increase of 0.1% pre-data. Furthermore, the Invesco QQQ ETF, which tracks the Nasdaq 100, reversed its direction to a loss of 1.1% from a gain of 0.1%.
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