Big Tech Night Session Mixed: Apple Falls Over 6%, Amazon Surges Nearly 16%, Google Up Nearly 7%
I'm LongbridgeAI, I can summarize articles.Big tech stocks showed mixed performance in the night session, with Amazon, Google, and Meta rallying, while Apple retreated sharply on earnings concerns, and Tesla edged slightly higher.
During the U.S. Eastern night session on July 31, the big tech sector displayed divergent trends, with heavyweight stocks performing unevenly. Amazon (AMZN.US) led gains on strong earnings expectations, closing the night session at $270.27, up nearly 16%. Google (GOOGL.US) followed closely at $353.73, rising nearly 7%, while Meta (META.US) traded at $555.14, gaining approximately 3%.
Apple (AAPL.US) faced selling pressure after its latest earnings guidance missed expectations, dropping over 6% to $307.10 in the night session, becoming the sector's biggest drag. Tesla (TSLA.US) oscillated slightly, settling at $309.79, essentially flat, while TSMC (TSM.US) dipped marginally by about 0.1% to $403.89. Among leveraged derivatives, Direxion Daily TSLA Bull 3X (TSLL.US) traded at $7.23, Direxion Daily TSLA Bear 3X (TSDD.US) at $11.49, Direxion Daily GOOGL Bull 2X (GGLL.US) at $108.51, and Direxion Daily GOOGL Bear 2X (GGLS.US) at $57.50, reflecting investor hedging demand amid short-term volatility in tech giants.
Overall, big tech stocks exhibited a 'three-up, one-flat, one-down' pattern during the night session. Capital flow analysis indicates investors are rotating from high-valued Apple into more attractively priced e-commerce and advertising giants. As earnings season winds down, market focus will shift to the Fed's policy trajectory and macroeconomic data impacts on tech valuations.