Big Tech Mixed in Regular Session, Apple Falls Nearly 1%, Amazon Down 0.84%
During the regular trading session on August 21, the Big Tech sector displayed a divergent trend with most mainstream names retreating. As of press time, Apple (AAPL.US) slipped 0.97% to $308.29, hitting an intraday low of $307.44. Amazon (AMZN.US) declined 0.84% to $257.92, with turnover exceeding $2 billion.
Among other components, Google (GOOGL.US) bucked the trend with a slight gain of 0.33% to $341.80. Meta (META.US) advanced 0.68% to $549.52, while Tesla (TSLA.US) showed relative strength, rising 1.13% to $349.02. TSMC (TSM.US) also climbed 1.10% to $420.57. In leveraged products, the Direxion Daily TSLA Bull 3X Shares (TSLL.US) gained 2.14% to $9.07, while the Direxion Daily TSLA Bear 3X Shares (TSDD.US) fell 1.87% to $8.94.
Overall, the Big Tech sector faced profit-taking pressure following recent gains, yet Tesla and TSMC maintained upward momentum, indicating continued investor confidence in specific sector leaders. Market participants are advised to monitor upcoming earnings guidance from tech giants and macroeconomic data for further directional cues.
