Nasdaq Plunges 5.52% as Tech Selloff Erases $1 Trillion From Magnificent Seven

The scale here is the story: a single session stripping roughly $1 trillion from the Magnificent Seven shows how concentrated index-level risk has become in a handful of mega-cap tech names, so the drawdown is less a broad repricing than a shock to the market's most crowded exposure. The symmetry across all three indexes points to a macro or sentiment trigger rather than company-specific news, though the item doesn't identify one. Whether this proves a one-day flush or the start of a deeper de-rating in tech leadership is the open question worth watching.