The big 7 are down almost $1 trillion High-performing shares of Alphabet (NASDAQ:), Amazon (NASDAQ:), Meta (NASDAQ:) Platforms, Microsoft (NASDAQ:) and Tesla (NASDAQ:), as well as Apple (NASDAQ:) and Nvidia, fell as much as 6.5%.
The losses in the Magnificent Seven stocks were set to wipe out nearly $900 billion from the combined market value of the companies.