Big Tech Stocks Fall in Overnight Session, Tesla Down Over 14%, Google Near 7%
Complete. Here is the key summaryBig tech stocks tumbled in the overnight session, led by Tesla with a drop of over 14%, while Google and Amazon both fell more than 4%, with Apple and Meta edging lower and TSMC down over 1%.
Big tech stocks faced broad selling pressure during the overnight session, with the sector showing widespread declines. As of press time, Tesla led the losses among major names, trading at $319.69, down 14.52% from the previous close. Google followed closely, dropping 6.84% to $317.69, while Amazon fell 4.57% to $233.66.
Apple and Meta showed relative resilience but still posted modest losses. Apple slipped 1.30% to $321.66, and Meta declined 3.36% to $606.10. TSMC traded at $415.58, down 1.34%. Among leveraged products, the 3x Bull Tesla ETF (TSLL) plunged 28.75% to $7.76, while the 3x Bear Tesla ETF (TSDD) surged 29.26% to $10.91. Google-related leveraged products also saw sharp moves, with GGLL down 14.37% and GGLS up 7.18%.
Volume data in the overnight session indicated significantly elevated turnover for Tesla, suggesting intense trading activity driven by earnings or news catalysts. Overall, the big tech sector faced notable profit-taking pressure after recent gains, with investor sentiment turning cautious.