A post by @WatcherGuru on X.

Democrats winning control of both the House and Senate triggered a sharp selloff in the Magnificent 7, with Tesla $TSLA falling 8.89%, Nvidia $NVDA dropping 6.50%, Meta $META down 3.13%, Amazon $AMZN off 2.24%, Microsoft $MSFT down 2.19%, Google $GOOGL 1.44% lower and Apple $AAPL slipping 0.73%. The rout erased more than $2.3 trillion in combined market value across the group. The move matters because the Magnificent 7 have carried a dominant share of index gains, so a synchronized drawdown of this size transmits quickly into broad market and passive-flow performance. Watch whether the losses extend into the next session and whether the selloff broadens beyond mega-cap tech as investors reassess policy risk under unified Democratic control.