US stock market seven giants closing report | Tesla closed down 2.6%, falling for seven consecutive days

On Friday (January 2, 2026, the first trading day of the year), the Magnificent 7 index of U.S. tech giants fell by 0.53%, closing at 206.43 points. After an initial surge, it retreated, maintaining a decline of about 0.6% for most of the time, stabilizing around 206 points, with a cumulative drop of 1.74% for the week.

Tesla closed down 2.59%—marking a seven-day losing streak. Microsoft fell 2.21%, Amazon dropped 1.87%, Meta decreased by 1.47%, and Apple had the smallest decline at 0.31%. Google A, on the other hand, rose by 0.69%, and NVIDIA increased by 1.26%.

Berkshire Hathaway Class B shares closed down 1.15%, while Eli Lilly rose by 0.53%. AMD surged by 4.35%, and Taiwan Semiconductor increased by 5.17%, closing at $319.61—breaking the previous closing historical high of $310.14 set on December 10.

The "mega" market cap tech stock index fell by 0.41%, closing at 394.57 points, with a cumulative drop of 1.86% for the week.

In addition to Tesla, Google A, AMD, Apple, Microsoft, NVIDIA, Meta Platforms, and Amazon, Adobe fell by 4.77%, Salesforce dropped by 4.26%, Netflix decreased by 2.95%, Oracle rose by 0.41%, Broadcom increased by 0.44%, and Qualcomm rose by 1.13%