The Magnificent Seven group of stocks is on course to lose more than $1 trillion of market value as the Nasdaq tumbles into correction territory.
Mag 7 stocks are collectively down $1.1 trillion in market cap today, on pace for their largest one-day market cap decline since April 2025 and their second-largest one-day market cap decline on record.
Tesla led the declines, with shares dropping more than 10%.
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