New Delhi, April 8 -- The dominant group of U.S. stocks known as the "Magnificent Seven" is bouncing back, helping power the broad rally on Wall Street.

Chipmaker Nvidia and Tesla are leading the pack in midday trading with a gain of 5.5% and 5.4%, respectively. Microsoft, Apple, Amazon, Meta Platforms and Google parent Alphabet are all up between 3% and 2.1%.

The solid rebound comes a day after the a mixed finish for the group.

The "Magnificent Seven" are so massive in size, their movements carry more weight on the S&P 500 and other indexes than other stocks.

Tesla stock market value has lost nearly $400 billion since the S&P 500 hit a peak on Feb. 19, a stunning 35% plunge. The index, by contrast, has fallen 17%.

Investors pushed T...