Mega Meltdown: ‘Magnificent 7’ Stock Losses Total $632bn

The S&P 500’s Magnificent Seven stocks face a costly August sell-off

The once-magnificent S&P 500 stocks, including Apple, Microsoft, and Nvidia, are facing a costly sell-off in August. These stocks have seen their collective market value drop by a staggering $632 billion, according to an analysis by Investor’s Business Daily. This significant decrease in value accounts for more than 50% of the overall market value loss of the S&P 500 during the month.