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Benzinga
  • 6 months ago
The Nasdaq has fallen to its lowest level since September as major tech stocks plummet. The Magnificent Seven stocks have lost over $2 trillion in market value, according to CNBC.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02NASDAQ has fallen to its lowest levels since September, as major tech stocks plummet.
00:06The Magnificent Seven stocks have lost over $2 trillion in market value, according to CNBC.
00:11Sell-off follows President Trump's tariff threats and mass government layoffs over
00:15the past three weeks. Apple and NVIDIA both lost 70 percent, while Microsoft lost 9 percent.
00:21Tesla has lost nearly half its value, possibly due to Elon Musk's central role
00:25in the Trump administration. Goldman Sachs rebranded the group as the
00:28Magnificent Seven, setting its lowest valuation premium versus the S&P 500 since 2017.
00:35For all things money, visit Benzinga.com slash GSTV.
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