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Magnificent Seven Rallies on Trump’s China Tariff Easing Signals
Magnificent Seven Rallies on Trump’s China Tariff Easing Signals
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The so-called Magnificent Seven—Apple, Nvidia, Tesla, Microsoft, Meta Platforms, Amazon, and Alphabet—roared higher after former President Donald Trump floated plans to slash tariffs on Chinese imports. The prospect of eased trade tensions sent a jolt through markets, fueling a two-day rally across major U.S. indices. Tesla led the charge with a 7% surge, while Amazon and Meta climbed roughly 7% and 6%, respectively. Though cryptocurrencies go unmentioned in the announcement, the bullish momentum could spill over into digital assets like Bitcoin and Ethereum. Market veterans know tech stocks often serve as a bellwether for risk appetite—when the Magnificent Seven advance, speculative assets frequently follow.
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