Magnificent 7 Stocks Suffer $700B Value Wipeout, Gold Hits Record - Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), NVIDIA (NASDAQ:NVDA), Tesla (NASDAQ:TSLA)
Risk-off sentiment intensified into Tuesday afternoon, with U.S. equities extending losses as President Donald Trump's renewed tariff threats tied to Greenland rattled global markets.Both the S&P 500 and the Nasdaq 100 slid around 2%, marking their worst sessions in more than three months, as selling pressure broadened across Wall Street.The so-called Magnificent Seven stocks erased roughly $700 billion in combined market capitalization on the day, led by sharp declines in Nvidia Corp. (NASDAQ:NVDA) and App ...