### Mixed Performance for 'Mag 7' Stocks: Nvidia Climbs, Amazon Drops

In the latest trading session, the 'Magnificent Seven' megacap tech stocks showed mixed results, with notable moves from Nvidia and Amazon. Nvidia experienced a positive uptick of more than 1%, reaching a trading price above $126 per share. Conversely, Amazon saw a decline of over 2% after being downgraded by Wells Fargo from Overweight to Equal-weight due to anticipated moderation in its advertising revenue.

Ken Gawrelski, an analyst at Wells Fargo, indicated that Amazon's cloud service growth would not be sufficient to counteract the expected margin pressures. He noted, "AWS strength alone is not enough," signaling concerns over the company's overall financial health given the new market conditions.

Meanwhile, the broader market indices also faced downward pressure as the 10-year Treasury yield surged above 4%, a level not seen since August. This rise came in response to a stronger-than-expected jobs report for September, which dimmed hopes for a 50 basis point rate cut from the Federal Reserve.

On Monday, the Dow Jones Industrial Average dropped approximately 0.3%, following its record high achieved on Friday. Similarly, the S&P 500 fell by about 0.3%, and the Nasdaq Composite, which heavily features tech stocks, declined by 0.5%.

In the commodities market, oil prices continued their upward trajectory. West Texas Intermediate crude futures advanced by more than 1%, trading above $75 per barrel, after a significant gain of over 9% in the preceding week. Brent futures followed suit, also rising by more than 1% to trade above $79 per barrel. These increases come as markets brace for a potential Israeli response to Iran's recent missile attacks, adding further tension to an already volatile market.

Overall, Monday's trading highlights the ongoing fluctuations within major tech stocks and broader financial markets, influenced by both economic indicators and geopolitical developments.