The index of the seven tech giants has entered a correction zone, with Meta experiencing its largest single-day decline in over four months.
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On Friday (March 13), the Magnificent 7 Index of U.S. tech giants fell 1.56% to 189.88 points, approaching the closing levels of 189.65 points on September 5, 2025 and 179.80 points on August 1. Compared to the record closing high on October 29, it has cumulatively dropped 11.63%. This week, it fell 1.31%, showing a symmetrical surge and correction in the overall trend.
Among the component stocks, Meta closed down 3.83%—marking the largest single-day drop since October 30; Apple fell 2.21%; Nvidia fell 1.58%; Microsoft fell 1.57%; Tesla fell 0.96%; Amazon fell 0.89%; Google A fell 0.42%.
Additionally, AMD closed down 2.20%; Berkshire Hathaway B shares fell 0.38%; TSMC closed up 0.48%; Eli Lilly rose 0.80%.
The “mega-cap” tech stock index fell 1.93% to 360.31 points, approaching the closing levels of 358.32 points on September 30 and 337.25 points on July 14. Compared to the record closing high on October 29, it has cumulatively pulled back over 14.76%. This week, it fell 1.91%, also overall exhibiting a surge and correction.
In addition to Tesla, Google A, AMD, Apple, Microsoft, Nvidia, Meta Platforms, and Amazon, Adobe closed down 7.58%; Broadcom fell 4.11%; Salesforce fell 3.24%; Oracle fell 2.54%; Qualcomm fell 1.01%; Netflix rose 1.06%.
Since 2026, Adobe has cumulatively fallen 28.76%. Salesforce.com, Qualcomm, Oracle fell 27.21%-20.21%; Microsoft, Tesla, Amazon fell 18.02%-10.03%.
To be continued, continuously updating
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