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Nasdaq Plunges 5.5% as Magnificent Seven Lose $1 Trillion

The Nasdaq Composite experienced a significant downturn, dropping 5.5% and entering correction territory, marking its worst performance since April 2025. This decline saw over $1 trillion wiped from the market capitalization of the Magnificent Seven companies, with Nvidia alone losing more than 9% and contributing over $440 billion to the total loss. Consequently, about a third of S&P 500 companies closed at least 20% below their 52-week highs. AI

RANK_REASON The item discusses a market downturn and stock performance, with a tangential mention of an AI company, but does not report on core AI developments.

Read on Mastodon — mastodon.social →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Nasdaq Plunges 5.5% as Magnificent Seven Lose $1 Trillion

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COVERAGE [1]

  1. Mastodon — mastodon.social TIER_1 English(EN) · [email protected] ·

    The Nasdaq Composite sank 5.5 percent into correction territory, its worst session since the April 2025 tariff shock, as more than $1 trillion left the Magnific

    The Nasdaq Composite sank 5.5 percent into correction territory, its worst session since the April 2025 tariff shock, as more than $1 trillion left the Magnificent Seven in a single day. Nvidia fell more than 9 percent, turning negative for the year and accounting for over $440 b…