Shares of an exchange-traded fund that holds seven so-called Big Tech stocks was falling Thursday morning, dragged down by Tesla Inc.’s sharp decline. The Roundhill Magnificent Seven ETF, which holds ...
And the past few quarters of market action have backed that up. Entering Wednesday’s print Tesla’s stock had fallen by 9% or more the day following earnings in five of the past six quarters.
Teslastock was up 20% at $257.13 in late afternoon trading. Shares are on pace for their largest percentage increase since May 9, 2013, when it rose 24.4%, according to Dow Jones Market Data.
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