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DeepNewz, mobile.
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Major tech stocks like Apple ($AAPL), Google ($GOOG), and Tesla ($TSLA) experienced significant declines in stock prices, with Tesla entering a bear market. Despite the market being flat, heavily shorted stocks surged, hinting at potential volatility ahead. The overall tech market downturn led to a substantial loss in market cap for the 'Magnificent Seven' companies.
‘Magnificent Seven’ shed $233 billion in market cap, dragging down stock market https://t.co/AH0ti6CGuV
Magnificent Seven shed $233 billion in market cap, dragging down the stock market https://t.co/rJ3VqsXgGQ
All the Magnificent Seven names experienced losses today. $TSLA nosedived over 4%, while $AAPL lost 2.7%, making its 5th consecutive session of losses. (This decline followed a report indicating a 24% drop in iPhone sales in China during the first six weeks of 2024.) On the… https://t.co/5hASUHssr0