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

Nasdaq’s index lost the ground on Monday, while Wall Street tried to evaluate President Toll Trump’s tariff warfare has taken on Seven Magnificent Seven “technical giants projected to report revenue this week.

Apple, led by CEO Tim Cook and determined to report Wednesday, will be closely looked at for the signs that fees are grabbing its supply chain and require requests 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 tens of billions of dollars in the artificial intelligence race, despite the unsafe economic environment.

“The road is focused on the laser to hear from Titans Big Tech to get a better understanding of the demand and expenditure models of enterprises and consumers,” said analyst Wedbush Dan Iva in a note to customers.

The heavy Nasdaq index, which on Monday plunged up to 243 points in Wednesday trade, was recently turned 0.2% at 17,342.71.

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

Due to their massive estimates, large-cap technology firms that make up the so-called “Mag 7” -apple, alphabet, Microsoft, Meta, Amazon, Tesla and Nvidia have a major 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 difficulty in supply chain and higher prices for consumers.

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

Google Alphabet’s parent shares emerged after the company found that the initiatives had enabled the best results than expected and profits.

Meanwhile, Tesla’s shares were immersed after the company reported the results of the first shameful trimester that included a 71% decrease in net income – only to climb the actions after Elon Musm confirmed that his work with the Trump government efficiency was being avoided.

Apple and other technology enterprises are likely to avoid providing guidelines much forward given the uncertainty, the post experts told. 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 partially driven by losses for large technology shares-while the Dow Jones industrial average was 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 spend great on the development of it, despite the growth of China’s Deepseek, who claimed to have built an advanced model of it for a cost 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 fear 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 spend on 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.