QUICK SPARK: Magnificent Seven Eye Worst Day Since Trump's Tariff Turmoil
The Roundhill Magnificent Seven ETF (BATS: MAGS ), which tracks the seven largest U.S. technology companies, fell 4.25% Thursday morning, on pace for its worst session since April 2025. Tesla Inc. (NASDAQ: TSLA ) led the drop, down 12.31% after adjusted earnings of 33 cents a share missed the 51 cents analysts expected. Alphabet Inc. (NASDAQ: GOOGL ) fell 6.79% after lifting its 2026 capital spending forecast to as much as $205 billion. Both reported negative free cash flow, the money left after paying for factories, chips and data centers. Alphabet’s went negative for the first time as a public company. Rising oil prices also affected risk sentiment. Brent crude topped $100 a barrel for the first time since May after Houthi attacks on tankers off Saudi Arabia, sending the 10-year Treasury yield to its highest level since January 2025. Every one of the seven is red. Even Microso...
The Roundhill Magnificent Seven ETF (BATS: MAGS ), which tracks the seven largest U.S. technology companies, fell 4.25% Thursday morning, on pace for its worst session since April 2025.
Tesla Inc. (NASDAQ: TSLA ) led the drop, down 12.31% after adjusted earnings of 33 cents a share missed the 51 cents analysts expected.
Alphabet Inc. (NASDAQ: GOOGL ) fell 6.79% after lifting its 2026 capital spending forecast to as much as $205 billion.
Both reported negative free cash flow, the money left after paying for factories, chips and data centers.
Alphabet’s went negative for the first time as a public company.
Rising oil prices also affected risk sentiment.
Brent crude topped $100 a barrel for the first time since May after Houthi attacks on tankers off Saudi Arabia, sending the 10-year Treasury yield to its highest level since January 2025.
Every one of the seven is red.
Even Microsoft Corp. (NASDAQ: MSFT ), which does not report until next week, is down 1.30%.
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