Big Tech Stocks Fall in Overnight Session, Tesla Plunges Over 14%, Google Drops Nearly 7%
I'm LongbridgeAI, I can summarize articles.Big tech stocks tumbled in the overnight session, with Tesla sinking over 14%, Google and Amazon both falling more than 4%, while Apple edged down 0.05% and TSMC declined 1.34%.
Big tech stocks weakened collectively during the overnight session, with shares of major technology giants all trading in negative territory. As of press time, Tesla (TSLA.US) showed the weakest performance, trading at $319.69, down 14.52% from the previous close of $374.01. The stock hit a session low of $315.74, with trading volume reaching 116 million shares, indicating heavy selling pressure.
Google (GOOGL.US) and Amazon (AMZN.US) followed closely lower. Google shares fell 6.55% to $317.69, touching an intraday low of $314.90, while Amazon dropped 4.57% to $233.66, with turnover exceeding $11.1 billion. Meta (META.US) declined 3.36% to $606.10, trading between $597.22 and $614.65. Apple (AAPL.US) showed relative resilience, edging down 0.05% to $321.66, while TSMC (TSM.US) fell 1.34% to $415.58.
In leveraged products, the triple-long Tesla ETF (TSLL.US) plunged 29.11% to $7.76 in the overnight session, while the triple-short ETF (TSDD.US) surged 29.73% to $10.91. Google-related leveraged products GGLL.US fell 14.41%, and GGLS.US rose 7.18%. Overall sentiment in the tech sector remained negative during overnight trading, with investors advised to monitor pre-market movements.