Four Magnificent Seven Stocks Rebound After $1 Trillion Market Cap Wipeout
Key Facts
The Magnificent Seven lost $1 trillion in market cap in a single session Thursday before four of them rebounded in the following session. Reuters reported the selloff followed US midterm election results, while Nvidia, Tesla, Meta Platforms, and Alphabet led the subsequent recovery according to Wealth Professional.
NVDA closed at $186.64 on November 6, 2026, and TSLA closed at $358.22 on the same date. Within the tech sector, META closed at $610.15 and GOOGL closed at $284.78 on November 6, 2026, as US Non-Farm Payrolls data showed an addition of 165,000 jobs for October.
The US Consumer Price Index (CPI) report is scheduled for release on November 10, 2026, an event that directly concerns market sentiment alongside a scheduled speech by Fed official Waller on the same day.