Tesla (NASDAQ:TSLA) is leading the way in premarket increases among the Magnificent Seven stocks on Monday, as retail investors continue to pour into the stock.
Individual investors have been net buyers of Tesla shares for 13 consecutive sessions through last Thursday, injecting $8 billion into the stock, according to retail trading data from JPMorgan Chase (NYSE:JPM).
The other Magnificent Seven stocks also saw increases, with Meta (NASDAQ:META) up 1.7%, Nvidia (NASDAQ:NVDA) up 1.5%, Amazon (NASDAQ:AMZN) up 1.5%, Alphabet (NASDAQ:GOOGL) up 1.2%, Microsoft (NASDAQ:MSFT) up 1.1%, and Apple (NASDAQ:AAPL) up 0.9%.
These gains come amid a broader rally in the U.S. stock futures, which are rising on indications that the next round of tariffs under President Donald Trump may be more moderate than previously suggested.
The Bloomberg Magnificent 7 index, a measure that equally weighs these stocks, has seen a decrease of 14% this year, following a 67% rise in 2024.
