Magnificent 7: how big tech stocks have moved since selloff sparked by recession fears

The bulk of the Magnificent 7 group of mega-cap stocks fell during the broad-market U.S. equity selloff sparked by recession fears that ended – or maybe just paused – on Tuesday.

The tech-concentrated Nasdaq Composite (COMP:IND) finished up 1% on Tuesday after a three-day rout pushed the index into a correction. Most of the Magnificent 7 stocks – responsible for ~30% of the S&P 500’s (SP500)(SPY) advance this year – took a hit starting at the close of July 31 through Tuesday. Meta (NASDAQ:META) was the only stock that managed to skirt losses.

Here’s how the Mag 7 stocks have performed since the July 31 close through Tuesday:

• Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL): down -7.3%
• Amazon: (NASDAQ:AMZN): down -13.4%
• Apple (NASDAQ:AAPL): down -6.7%
• Meta (META) up +4.1%
• Nvidia (NASDAQ:NVDA): down -10.9%
• Microsoft (NASDAQ:MSFT): down -4.5%
• Tesla (NASDAQ:TSLA): down -13.5%