Mag 7 Suffer Biggest One-Day Drop Since April 2025
Share
The Magnificent Seven technology giants suffered their biggest one-day drop since the tariff tantrum in April 2025 on Thursday, with an index of the group falling 4.8% and wiping out $797 billion in market value. The selloff pushed the S&P 500 Index down 1.2%, while the tech-heavy Nasdaq 100 Index sank 1.9%. Bloomberg MLIV's Ven Ram breaks down the situation.
More from Australia
Capital battles heat up as takeover offers challenge listed housing operators
The equities fueling the next infrastructure supercycle
Crypto networks collide with sanctions in a fight for financial access
American Tungsten completes Nexus acquisition for Pinnacle MOU
Butn extends MYOB invoice financing agreement to 2027
Celsius Resources updates market on US$5M dispute