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I'm glad that I sold my few shares in the past few days. I'll continue to place order at lower prices.

Tech Selloff Leads Magnificent Seven to Nearly Its Worst Day Ever by This Metric

Declines in Tesla, Nvidia and other large tech stocks meant a $598 billion market-cap wipeout for the ‘Magnificent Seven’ — the second-largest one-day total on recordShares of Jensen Huang’s Nvidia —

Tech Selloff Leads Magnificent Seven to Nearly Its Worst Day Ever by This Metric

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I'll continue to place order at lower prices.</p></body></html>","htmlText":"<html><head></head><body><p>I'm glad that I sold my few shares in the past few days. I'll continue to place order at lower prices.</p></body></html>","text":"I'm glad that I sold my few shares in the past few days. I'll continue to place order at lower prices.","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/326615547474240","repostId":2450393516,"repostType":2,"repost":{"id":"2450393516","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1720753200,"share":"https://www.laohu8.com/m/news/2450393516?lang=&edition=full","pubTime":"2024-07-12 11:00","market":"us","language":"en","title":"Tech Selloff Leads Magnificent Seven to Nearly Its Worst Day Ever by This Metric","url":"https://stock-news.laohu8.com/highlight/detail?id=2450393516","media":"Dow Jones","summary":"Declines in Tesla, Nvidia and other large tech stocks meant a $598 billion market-cap wipeout for the ‘Magnificent Seven’ — the second-largest one-day total on recordShares of Jensen Huang’s Nvidia — ","content":"<html><head></head><body><p>Declines in Tesla, Nvidia and other large tech stocks meant a $598 billion market-cap wipeout for the ‘Magnificent Seven’ — the second-largest one-day total on record</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3bfc808a56e9ca3e065b61bf76d9e8de\" alt=\"Shares of Jensen Huang’s Nvidia — a key component of the “Magnificent Seven” — fell Thursday.\" title=\"Shares of Jensen Huang’s Nvidia — a key component of the “Magnificent Seven” — fell Thursday.\" tg-width=\"925\" tg-height=\"616\"/><span>Shares of Jensen Huang’s Nvidia — a key component of the “Magnificent Seven” — fell Thursday.</span></p><p>Thursday’s selloff in large technology companies resulted in the second-largest one-day market-capitalization erasure for the “Magnificent Seven” on record.</p><p style=\"text-align: start;\">All seven technology stocks were off at least 2.3% in Thursday trading. The activity translated to a $598 billion single-day collective loss of market cap for that grouping — the biggest wipeout since a $602 billion loss on Feb. 3, 2022, according to Dow Jones Market Data.</p><p>Tesla Inc.’s stock  was the biggest daily loser of the bunch, off 8.4% as it snapped its 11-session winning streak in a big way, with its largest one-day decline since a 12.1% fall on Jan. 25, according to Dow Jones Market Data. While Tesla shares were up earlier in the session, they pulled back sharply following a Bloomberg News report saying that the company plans to delay its robotaxi event to October from August.</p><p>MarketWatch has sought comment from Tesla, which has disbanded its media-relations team.</p><p>Shares of Nvidia Corp. and Meta Platforms Inc. — the two biggest year-to-date winners in the group — were the next most sizable daily losers, each off more than 4%. Alphabet Inc., Amazon.com Inc., Apple Inc. and Microsoft Corp. are the other members of the Magnificent Seven.</p><p>The last time all seven stocks finished down at least 2% was on Dec. 22, 2022, according to Dow Jones Market Data.</p><p style=\"text-align: start;\">The weakness in large technology shares Thursday came as the latest U.S. consumer price index readings showed cooling inflation, which was fueling hopes for a September interest-rate cut by the Federal Reserve. The rate-cut expectations, in turn, had investors selling tech winners as they gave a fresh look to shares of companies like homebuilders, pool suppliers and others that stand to benefit from lower rates.</p><p>“The Magnificent Seven names have exhibited high levels of insensitivity to interest rates,” meaning “they won’t be the beneficiaries of new easing,” wrote Mike O’Rourke, CMT chief market strategist at JonesTrading.</p><p style=\"text-align: start;\">The Nasdaq Composite Index was off 364 points, or 2.0%, while the S&amp;P 500 was off 49 points, or 0.9%, and the Dow Jones Industrial Average was ahead 32 points, or 0.1%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Selloff Leads Magnificent Seven to Nearly Its Worst Day Ever by This Metric</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech Selloff Leads Magnificent Seven to Nearly Its Worst Day Ever by This Metric\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-07-12 11:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Declines in Tesla, Nvidia and other large tech stocks meant a $598 billion market-cap wipeout for the ‘Magnificent Seven’ — the second-largest one-day total on record</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3bfc808a56e9ca3e065b61bf76d9e8de\" alt=\"Shares of Jensen Huang’s Nvidia — a key component of the “Magnificent Seven” — fell Thursday.\" title=\"Shares of Jensen Huang’s Nvidia — a key component of the “Magnificent Seven” — fell Thursday.\" tg-width=\"925\" tg-height=\"616\"/><span>Shares of Jensen Huang’s Nvidia — a key component of the “Magnificent Seven” — fell Thursday.</span></p><p>Thursday’s selloff in large technology companies resulted in the second-largest one-day market-capitalization erasure for the “Magnificent Seven” on record.</p><p style=\"text-align: start;\">All seven technology stocks were off at least 2.3% in Thursday trading. The activity translated to a $598 billion single-day collective loss of market cap for that grouping — the biggest wipeout since a $602 billion loss on Feb. 3, 2022, according to Dow Jones Market Data.</p><p>Tesla Inc.’s stock  was the biggest daily loser of the bunch, off 8.4% as it snapped its 11-session winning streak in a big way, with its largest one-day decline since a 12.1% fall on Jan. 25, according to Dow Jones Market Data. While Tesla shares were up earlier in the session, they pulled back sharply following a Bloomberg News report saying that the company plans to delay its robotaxi event to October from August.</p><p>MarketWatch has sought comment from Tesla, which has disbanded its media-relations team.</p><p>Shares of Nvidia Corp. and Meta Platforms Inc. — the two biggest year-to-date winners in the group — were the next most sizable daily losers, each off more than 4%. Alphabet Inc., Amazon.com Inc., Apple Inc. and Microsoft Corp. are the other members of the Magnificent Seven.</p><p>The last time all seven stocks finished down at least 2% was on Dec. 22, 2022, according to Dow Jones Market Data.</p><p style=\"text-align: start;\">The weakness in large technology shares Thursday came as the latest U.S. consumer price index readings showed cooling inflation, which was fueling hopes for a September interest-rate cut by the Federal Reserve. The rate-cut expectations, in turn, had investors selling tech winners as they gave a fresh look to shares of companies like homebuilders, pool suppliers and others that stand to benefit from lower rates.</p><p>“The Magnificent Seven names have exhibited high levels of insensitivity to interest rates,” meaning “they won’t be the beneficiaries of new easing,” wrote Mike O’Rourke, CMT chief market strategist at JonesTrading.</p><p style=\"text-align: start;\">The Nasdaq Composite Index was off 364 points, or 2.0%, while the S&amp;P 500 was off 49 points, or 0.9%, and the Dow Jones Industrial Average was ahead 32 points, or 0.1%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4581":"高盛持仓","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4170":"电脑硬件、储存设备及电脑周边","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","BK4532":"文艺复兴科技持仓","AMZN":"亚马逊","TSLA":"特斯拉","MSFT":"微软","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","AAPL":"苹果","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","BK4573":"虚拟现实","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4525":"远程办公概念","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4524":"宅经济概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","GOOGL":"谷歌A","BK4527":"明星科技股","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4588":"碎股","GOOG":"谷歌","NVDA":"英伟达","LU0251142724.SGD":"Fidelity America A-SGD","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4574":"无人驾驶","META":"Meta Platforms, Inc.","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2450393516","content_text":"Declines in Tesla, Nvidia and other large tech stocks meant a $598 billion market-cap wipeout for the ‘Magnificent Seven’ — the second-largest one-day total on recordShares of Jensen Huang’s Nvidia — a key component of the “Magnificent Seven” — fell Thursday.Thursday’s selloff in large technology companies resulted in the second-largest one-day market-capitalization erasure for the “Magnificent Seven” on record.All seven technology stocks were off at least 2.3% in Thursday trading. The activity translated to a $598 billion single-day collective loss of market cap for that grouping — the biggest wipeout since a $602 billion loss on Feb. 3, 2022, according to Dow Jones Market Data.Tesla Inc.’s stock  was the biggest daily loser of the bunch, off 8.4% as it snapped its 11-session winning streak in a big way, with its largest one-day decline since a 12.1% fall on Jan. 25, according to Dow Jones Market Data. While Tesla shares were up earlier in the session, they pulled back sharply following a Bloomberg News report saying that the company plans to delay its robotaxi event to October from August.MarketWatch has sought comment from Tesla, which has disbanded its media-relations team.Shares of Nvidia Corp. and Meta Platforms Inc. — the two biggest year-to-date winners in the group — were the next most sizable daily losers, each off more than 4%. Alphabet Inc., Amazon.com Inc., Apple Inc. and Microsoft Corp. are the other members of the Magnificent Seven.The last time all seven stocks finished down at least 2% was on Dec. 22, 2022, according to Dow Jones Market Data.The weakness in large technology shares Thursday came as the latest U.S. consumer price index readings showed cooling inflation, which was fueling hopes for a September interest-rate cut by the Federal Reserve. The rate-cut expectations, in turn, had investors selling tech winners as they gave a fresh look to shares of companies like homebuilders, pool suppliers and others that stand to benefit from lower rates.“The Magnificent Seven names have exhibited high levels of insensitivity to interest rates,” meaning “they won’t be the beneficiaries of new easing,” wrote Mike O’Rourke, CMT chief market strategist at JonesTrading.The Nasdaq Composite Index was off 364 points, or 2.0%, while the S&P 500 was off 49 points, or 0.9%, and the Dow Jones Industrial Average was ahead 32 points, or 0.1%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":391,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":82,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}