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‘Magnificent 7’ Stocks Lose More Than $850 Billion in Market Value

A broad stock market sell-off hit major technology shares, wiping out more than $850 billion from the group known as the Magnificent 7.

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Terms & Concepts
  • Magnificent 7: A market label for seven large U.S. technology companies that have played an outsized role in driving equity index gains.
  • Market value: The total value of a company’s outstanding shares, commonly referred to as market capitalization.