Mag 7 Stocks Lose $1 Trillion in Tech Bloodbath -- WSJ
Dow Jones2026/11/05 15:56By Vicky Ge Huang
The Magnificent Seven group of stocks is on course to lose more than $1 trillion of market value as the Nasdaq tumbles into correction territory.
Mag 7 stocks are collectively down $1.1 trillion in market cap today, on pace for their largest one-day market cap decline since April 2025 and their second-largest one-day market cap decline on record.
Tesla led the declines, with shares dropping more than 10%.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
November 05, 2026 10:56 ET (15:56 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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