TechFlow reported in detail, according to Jinshi Data, the Nasdaq 100 Index closed down 2.9% on Wednesday, marking its largest single-day drop since December 2022. All seven major heavyweight stocks—collectively known as the "Magnificent Seven"—declined, with NVIDIA (NVDA.O) leading the losses, falling over 6.6%, while Apple (AAPL.O) dropped 2.5%. The combined market value of the "Magnificent Seven" erased approximately $580 billion (about 4.21 trillion RMB) in a single day.
Goldman Sachs' trading desk stated that the S&P 500 Index now has only one direction—down—and they will not buy the dip.
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