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Magnificent 7 Sheds Over $750 Billion In Market Cap In One Day: Is Big Tech's Honeymoon Over?

Benzinga LogoBenzinga12h ago

Magnificent 7 Sheds Over $750 Billion In Market Cap In One Day: Is Big Tech's Honeymoon Over? - Benzinga

Quick Summary:

Shares of Magnificent Seven technology companies soared in 2023 and 2024 due to optimism about artificial intelligence and favorable macroeconomic conditions.

What Happened: The SPDR S&P 500 ETF Trust (NYSE:SPY) saw one of its biggest down days in recent years during the Monday trading session.

Apple Inc (NASDAQ:AAPL) fell 4.85%

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Magnificent 7 Sheds Over $750 Billion In Market Cap In One Day: Is Big Tech's Honeymoon Over? - Benzinga (Picture 1)

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Article Details

Author / Journalist: Hayden Buckfire

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 22:09:51 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26865952

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About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 18 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

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The story "Magnificent 7 Sheds Over $750 Billion In Market Cap In One Day: Is Big Tech's Honeymoon Over?" has 457 words across 28 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Magnificent 7 Sheds Over $750 Billion In Market Cap In One Day: Is Big Tech's Honeymoon Over?" was covered 12 hours ago by Benzinga, a news publisher based in United States.

How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news.

The outlet is headquartered in United States and publishes an average of 18 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #26865952
  • URL: https://chronographically.beamstart.com/news/magnificent-7-sheds-over-750-17416452051653

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