The group of dominant stocks known as the “Magnificent Seven” has been at the center of the U.S. stock market’s recent sell-off, which earlier this month took the S&P 500 10% below its all-time high for its first “correction” since 2023.

Markets appear to be settling a day after a broad rally was fueled by hopes the Trump administration may take a more targeted approach to tariffs. Futures for the S&P 500, the Nasdaq and the Dow Jones Industrial Average all rose less than 0.

Wall Street Drifts and Trump Media Jumps Despite Souring Moods for US Consumers NEW YORK (AP) — Wall Street is quieter on Tuesday after roaring the day before on hopes that President Donald Trump’s tariffs may not be as sweeping as earlier feared.

The EV maker’s shares rose 11.9% on Monday, the best one-day gain since the near-15% rise on Nov. 6. This came after a 5.3% rise on Friday.