[Watcher Guru] JUST IN: Magnificent 7 stocks crash after Democrats win control of both the House and Senate.
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Democrats winning control of both the House and Senate triggered a sharp selloff in the Magnificent 7, with Tesla falling 8.89%, Nvidia 6.50%, Meta 3.13%, Amazon 2.24%, Microsoft 2.19%, Google 1.44%, and Apple 0.73%. More than $2.3 trillion was erased from the US stock market on the day. The breadth of the decline across mega-cap technology names signals investors are repricing growth stocks against the expected policy agenda of a Democratic sweep. Watch for follow-through in the next session and whether the losses extend into broader indices or stabilize as markets digest the new political balance.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Apple (AAPL), Meta (META), Amazon (AMZN), Microsoft (MSFT), Tesla (TSLA), Google (GOOGL), Nvidia (NVDA), Democratic Party
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