Tech sell-off: Magnificent Seven stock prices slump after China issues new trade warning
Briefly

Following a three-day weekend, investors are closely monitoring the impact of a new trade warning from China on the stock market, which is showing signs of significant decline. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have all posted losses since the previous week. Major tech stocks, part of the influential Magnificent Seven, are particularly affected, with declines across the board. The market deterioration is attributed to ongoing tariffs by the Trump administration and threats against Federal Reserve Chair Jerome Powell's position, raising fears of a potential bear market.
The ongoing decline in the stock market reflects investors' concerns over trade tensions with China and political pressures on the Federal Reserve's independence.
Experts warn that the combination of tariffs imposed by the Trump administration and uncertainty surrounding the Federal Reserve could trigger a bear market for stocks.
Read at Fast Company
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