Big Tech Night Session Broad Decline, Google Falls Nearly 5%, Amazon Down Nearly 2%
Complete. Here is the key summaryBig tech stocks retreated collectively in the night session on August 5, with Google leading losses down nearly 5%, while Amazon and Tesla both fell over 1%, and Apple edged up 0.53%.
Big tech stocks showed mixed performance in the night session on August 5, with the sector under pressure. As of press time, Google (GOOGL.US) fell nearly 5% to $364.45; Amazon (AMZN.US) dropped 1.79% to $272.83; Tesla (TSLA.US) declined 1.43% to $322.52.
Apple (AAPL.US) bucked the trend with a modest 0.53% gain to $312.92 in night trading; Meta (META.US) rose 0.43% to $591.30; TSMC (TSM.US) slipped 0.97% to $413.60. Among leveraged products, the 2x Tesla Bull ETF (TSLL.US) fell 1.93%, the 2x Google Bull ETF (GGLL.US) dropped 8.94%, while the 2x Google Bear ETF (GGLS.US) gained 3.13%.
Trading activity in tech stocks remained active during the night session as investors reassessed valuations toward the end of earnings season. Google led the sector lower amid concerns over advertising growth deceleration, while Amazon faced pressure from intensifying cloud computing competition. Market attention now turns to upcoming inflation data and its implications for the Fed's policy path.