Wall Street on Edge as more ‘wonderful 7’ shares of technology report income this week

The Nasdaq Index lost ground on Monday, while Wall Street tried to appreciate President Toll Trump’s tariff warfare has received at the technical Giants “Magnificent Seven”, scheduled to report revenue this week.

Apple, led by CEO Tim Cook and determined to report Wednesday, will be closely viewed for the signs that fees are digging its supply chain and questioning for its costly iPhones and MacBooks. Cupertino -based company, Calif. It is reportedly seeking to relocate most of production to India by 2026 to curb China’s risks.

Elsewhere, investors will trace if Meta Microsoft and Mark Zuckerberg reports Wednesday, and Amazon, set for Thursday, will plan to pour dozens of dollars in the artificial intelligence race, despite the unsafe economic environment.

“The road is focused on the laser to hear from the Big Tech Titans to get a better fat in the question and expenditure models from enterprises and customers,” said analyst Wedbush Dan Ves in a note to customers.

The Nasdaq Index of heavy technology, which on Monday moved up to 243 points to Wednesday trade, was recently turned 0.2% to 17,342.71.

This week also brings about main concessions of economic data that can serve as a barometer for Trump’s Trump’s tactics, including FED’s favorite inflation meter on Wednesday and job report on Friday.

Second for their massive ratings, large -tech firms with lids comprising the so -called “Mag 7” -apple, alphabet, Microsoft, Meta, Amazon, Tesla and Nvidia have an extracred impact on the general market.

Their shares have been under pressure since January over concerns that Trump’s tariffs – including 145% taxes on Chinese imports – can cause supply chain changes and higher prices for consumers.

The first quarter results from the Mag companies last 7 week produced mixed results.

Google’s parent shares appeared after the company revealed that the initiatives of it had enabled the best expected income and profit results from Thha.

Meanwhile, Tesla’s shares were plunged after the company reported the results of the first wretched quarter that included a 71% decrease in net income – only for the actions to climb after Elon Musk confirmed that his work with the Trump government efficiency was over.

Apple and other technology companies are likely to avoid providing guidelines much forward given the uncertainty, the post experts said. Tesla significantly withdrew her instructions for the full year last week.

“Tariff uncertainty is the new new overload in the sector of technology with half and apples in the eyes of the Category 5 storm in this trade war with China, as we would expect minimal guidance from Cupertino,” Ives added.

Nasdaq was about 1.3% in the inside trade. Wide-based S&P 500 decreased about 1%-a decrease in partly decrease in losses for large technology shares-while the industrial average of Dow Jones was decreased less than 1%.

Apple and Meta’s shares were flat in Monday’s trade. Microsoft and Amazon were both trading slightly lower. Tesla was sitting nearly 2%.

Adding uncertainty, Chinese technology giant Huawei is reportedly developing a computer chip that will compete with the US -based Nvidia device. Nvidia shares were trading nearly 4% lower in the news.

Earlier this year, Wall Street welcomed news from the great technology giants who reaffirmed their plans to speak in the development of it, despite the growth of China’s Deepseek, who claimed to have built an advanced model of him for a part of what US firms had spent on similar products.

However, it is unclear whether further assertions of spending plans will be seen as a positive given the faars that Trump’s tariff disputes will cool the economy and potentially ignite a recession.

“Is uncertainty in the markets weaken Mag 7’s determination to blindly speak in this dark cloud that we seem to have on the markets now?” Said Jake Dollarhide, CEO of Longbow Assset Management.

“Anyone assigned, the reaction of investors can be completely unique to what was the day before. So, I don’t know if Capex’s reaffirmation will be welcomed in the face of Deepseek and tariff uncertainty,” Dollarhide said.