Magnificent 7 loses $1 trillion. The most eye-popping stats from Thursday's tech stock plunge - CNBC
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Stocks suffered a major sell-off on Thursday as investors' fears about a slowdown in the buildout of artificial intelligence rocked not only the trade itself but also the broader market.
Stocks suffered a major sell-off on Thursday as investors' fears about a slowdown in the buildout of artificial intelligence rocked not only the trade itself but also the broader market.
The tech-heavy Nasdaq Composite receded more than 5% and finished in correction territory alongside the small-cap Russell 2000 index. The blue-chip Dow Jones Industrial Average retreated more than 1,800 points, or more than 3%, and the broad market S&P 500 pulled back more than 4%.
Those moves gave back the big gains seen in Wednesday's postelection rally and then some.
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https://www.cnbc.com/2026/11/05/stock-market-selloff-ai-fears.html
