Big Tech stocks started the week under pressure

An exchange-traded fund holding Big Tech stocks, collectively known as the Magnificent Seven, fell Monday afternoon, with Tesla Inc. the biggest decliner of the group. happened.

Tesla, Facebook’s parent company Meta Platforms Inc., Amazon.com Inc., Google’s parent company Alphabet Inc., Microsoft Corp., Apple Inc. Shares of the Roundhill Magnificent Seven ETF, which owns and Nvidia Corp., were down 0.5% in afternoon trading. At last check, according to FactSet data.