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Tech Stocks Bounce Back After Weekend Slump | BitDelta
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The tech-focused Magnificent Seven stocks recovered on Monday, with Nvidia leading the rally. But some stocks weren’t as lucky. Tech stocks bounced back on 22 July, Monday and successfully recovered from the weekend slump. Major indexes in the U.S. equities market gained strength on the day. • Tech-focused Nasdaq Composite (COMP) index rose 1.58% to 18,007.57 points. • The S&P 500 index gained 1.08% to 5,564.41 points.• The Dow Jones Industrial Average (DJI) gained by a modest 0.32% to 40,415.44 points. Image: 1 day chart on the composite index (COMP), by Nasdaq Nvidia led the recovery of the Magnificent Seven stocks. The Magnificent Seven are a group of high-performing companies in the U.S. stock market: Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla. All these stocks belong to technology companies. • Nvidia (NVDA) gained 4.76% and closed at $123.54. Nvidia has gained immensely due to its deployment of artificial intelligence (AI) technology and is the worl...
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