Big tech stocks retreated during regular trading on Friday (September 4), with most mainstream names declining. Tesla (TSLA.US) fell 5.03% to $357.45, leading the sector lower with an intraday low of $356.51. Apple (AAPL.US) dropped 1.15% to $324.45, Meta (META.US) declined 0.62% to $606.90, Google (GOOGL.US) slipped 0.35% to $341.05, and Amazon (AMZN.US) edged down 0.13% to $258.57. TSMC (TSM.US) bucked the trend, rising 1.50% to $423.25 with an intraday high of $424.64.
The tech sector faced profit-taking pressure after consecutive gains, with Tesla leading declines amid delivery concerns. Investors remain cautious ahead of next week's Federal Reserve meeting. Among derivative ETFs, the 2x long Tesla ETF (TSLL.US) plunged over 10%, while the inverse ETF (TSDD.US) surged over 10%, showing significant leverage effects.