Big Tech Stocks Fall in Overnight Session, META Drops Nearly 8%, TSLA Down Over 3%
Complete. Here is the key summaryBig tech stocks retreated collectively in the overnight session, with Meta leading declines down nearly 8%, Tesla falling over 3%, while Apple and Amazon edged lower, and TSMC dropped more than 4%.
Big tech stocks faced broad selling pressure during the overnight session, with the sector showing weak momentum. As of press time, META.US was last traded at $542.38 in overnight trading, down 7.38% from the previous close of $585.61, leading declines among major tech giants. The stock experienced significant intraday volatility, dipping to a low of $518.30 in the post-market session.
TSLA.US also showed weakness, trading at $298.12 in the overnight session, down 3.07%. The stock had already declined about 3% during regular trading hours and continued its downward trend in post-market and overnight sessions. TSM.US fell 4.43% to $379.01 in overnight trading, following the sector's adjustment.
Among other heavyweight stocks, AAPL.US showed relative resilience with a slight gain of 0.14% to $338.67 in overnight trading; AMZN.US rose 1.79% to $230.70; GOOGL.US edged down 0.43% to $335.24. On the derivative ETF front, the 3x Long Tesla ETF (TSLL.US) fell 0.15% in overnight trading, while the 2x Inverse Tesla ETF (TSDD.US) gained 0.16%, with Google-related leveraged ETFs also trading narrowly in line with their underlying stocks.