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Mag 7 relinquishes more than $800 billion as tech drives stock market nosedive

Summary by CNBC
Last year's high-flyers helped lead the broad market lower.

2 Articles

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New York PostNew York Post
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Treasury secretary blames China’s DeepSeek for stock-market plunge: ‘A Mag 7 problem, not a MAGA problem’

The stock market plunge has more to do with the emergence this year of China's DeepSeek artificial intelligence tool than with President Trump's policies, Treasury Secretary Scott Bessent said in an interview released on Friday that signaled little concern about the ongoing nosedive.

·New York, United States
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CNBCCNBC
Center

Mag 7 relinquishes more than $800 billion as tech drives stock market nosedive

Last year's high-flyers helped lead the broad market lower.

·United States
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Bias Distribution

  • 50% of the sources are Center, 50% of the sources lean Right
50% Right
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CNBC broke the news in United States on Thursday, April 3, 2025.
Sources are mostly out of (0)
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