On Friday, March 13, the index tracking the 'Magnificent Seven' tech stocks in the U.S. saw a 1.56% decline, dropping to 189.88 points and approaching its previous closing level. Since reaching an all-time high on October 29, the index has cumulatively fallen by 11.63%. This week alone, it has dropped by 1.31%, exhibiting an overall trend of initial rise followed by a fall, with most of its constituent stocks closing at lower prices. In the meantime, the index of 'mega-cap' tech stocks also dipped by 1.93%, settling at 360.31 points and nearing its previous closing level. This index has cumulatively retracted by over 14.76% from its peak, with a 1.91% decline recorded this week. Similar to the 'Magnificent Seven' index, it has demonstrated an overall pattern of rising and then falling, with constituent stocks displaying varied performances. Since the start of 2026, certain tech stocks have experienced significant declines. It is crucial to recognize that the market is inherently risky, and investors should exercise caution when making investment decisions.
