Magnificent 7 loses $1 trillion. The most eye-popping stats from Thursday’s tech stock plunge

Photo credit: Standret via Magnific. Article by Sean Conlon, Gina Francolla and Christopher Hayes. CNBC – updated November 5, 2026.

Stocks suffered a major sell-off on Thursday as investors’ fears about a slowdown in the buildout of artificial intelligence rocked not only the trade itself but also the broader market. The tech-heavy Nasdaq Composite receded more than 5% and finished in correction territory alongside the small-cap Russell 2000 index. The blue-chip Dow Jones Industrial Average retreated more than 1,800 points, or more than 3%, and the broad market S&P 500 pulled back more than 4%. Those moves gave back the big gains seen in Wednesday’s postelection rally and then some. […]

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