The group of dominant stocks known as the “Magnificent Seven” has been at the center of the U.S. stock market’s recent sell-off, which earlier this month took the S&P 500 10% below its all-time high for its first “correction” since 2023.

What a difference a year makes. Where the Magnificent Seven stocks were still carrying the market last year after being responsible for between 65% and 75% of the S&P 500‘s gains in 2023. So far this year,

Shares of mega-cap tech leaders tumbled Wednesday afternoon after a surprise announcement of auto tariffs from the White House.

Dow Jones futures dropped Thursday on President Donald Trump's new tariffs. Nvidia stock sold off while Tesla rallied in early trading.