Big Tech Stocks Fall in Overnight Session, Tesla Drops Over 14%, Google Down Nearly 7%
I'm LongbridgeAI, I can summarize articles.Big tech stocks showed mixed performance in the overnight session, with Tesla plunging over 14%, while Google and Amazon saw significant declines, and Apple edged slightly lower.
Big tech stocks faced collective pressure during the overnight session, with major names mostly closing lower. As of press time, Tesla (TSLA.US) performed the weakest, trading at $319.69 in the overnight session, down 14.53% from the previous close, having dipped to a low of $315.74 during the session. The stock already saw a significant pullback during regular trading hours, and the overnight session extended the decline with volume remaining elevated.
Other tech giants were not spared. Google (GOOGL.US) fell 6.85% in the overnight session to $317.69, while Amazon (AMZN.US) dropped 4.18% to $233.66. META (META.US) declined 3.35% to $606.10. Apple (AAPL.US) showed relative resilience, edging down just 0.22% to $320.94 in the overnight session. TSMC (TSM.US) slipped 0.86% to $412.02.
In terms of derivative products, the 2x Long Tesla ETF (TSLL.US) fell 1.04% in the overnight session, while the 2x Short Tesla ETF (TSDD.US) bucked the trend with a 1.01% gain. Google-related leveraged products also showed divergence, with the 2x Long Google ETF (GGLL.US) down 0.19% and the 2x Short Google ETF (GGLS.US) slipping 0.05% in the overnight session. Overall, sentiment in the big tech sector leaned negative during the overnight session, and investors should monitor subsequent market movements.