Magnificent Seven Surge as U.S.–China Tariffs Come Down

Premarket trading on Monday saw the Magnificent Seven—Tesla, Amazon, Apple, Meta, Nvidia, Alphabet, and Microsoft—power higher after the U.S. and China agreed to cut their mutual tariffs for 90 days. Here's the premarket performance and what it means for broader market sentiment.

Premarket Winners Among the Mag 7

¹ Ex-dividend Monday

You can track today's top gainers in real time—across premarket and regular hours—using the Market Biggest Gainers API.

Tariff Rollback Details

• U.S. Levies on China: Slashed from 145% to 30% by May 14, including the contentious fentanyl-related duty.

• China's Duties on U.S.: Cut from 125% to 10% over the same period.

• 90-Day Cool-Off: No new tariffs while detailed negotiations continue.

Broader Futures Reaction

• S&P 500 Futures: +2.5%

• Nasdaq 100 Futures: +3.4%

This tariff de-escalation has underpinned a swift rotation back into high-beta and growth names, with the Mag 7 leading the charge.

What to Watch Next

1. Official Rollout: Verify when the tariff cuts formally take effect—this may trigger further rotation into cyclicals.

2. Earnings Impact: Lower import costs could boost margins for tech hardware and consumer-discretionary firms.

3. Follow-Up Talks: Markets will look for details on the next round of U.S.-China working-level consultations.

By combining live tariff updates with real-time mover data from the Market Biggest Gainers API, investors can stay agile and capture the early-week momentum.