Tesla stock leads Magnificent 7 Shares Higher


Brand new Tesla cars sit parked at a Tesla dealership on May 31, 2024 in Corte Madera, California

Justin Sullivan / Getty Images

Tesla’s (TSLA) shares were among the S&P 500’s top gainers Tuesday morning as the Magnificent Seven big tech stocks rose on Christmas Eve. 

Shares of the EV maker were recently up more than 4%, making them the second-best performer in the benchmark index—second only to Super Micro Computer (SMCI).

You can also find out more about Other “Mag 7” Stocks also rose in the morning session, which was shortened by the holiday. Tomorrow is a public holiday and this marks the start of Santa Claus Rally. This morning the Nasdaq composite led all major indexes in rising. 

Amazon.com’s (AMZN), the most valuable of the Magnificent Seven, has gained 1.3%. Nvidia and Meta Platforms both gained 0.9% recently. Apple (AAPL), Microsoft(MSFT)and Alphabet(GOOGL) also rose recently by 0.9%. 

Most of the S&P 500's 11 sectors were in the green this morning, though a few were closer to flat.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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