KEY POINTS

  • The so-called Magnificent Seven stocks lost a combined $1.8 trillion in market value over the last two trading sessions.
  • Apple led the losses for the group shaving off more than $533 billion in market capitalization.
  • The Nasdaq recorded its worst week since 2020 as markets responded to mounting fears of a global trade war that could push the U.S. into a recession.
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[–] 18 points 2 years ago (3 children)

Meh. They're not going to really hurt from this. If anything they'll use it as an excuse for layoffs, then give the CEO a bonus.

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  • [–] 8 points 2 years ago (2 children)

    I think that's the reason people don't know how to feel. It will hurt the companies a little but the workers are going to be fucked.

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