WatcherGuru
Tesla fell 8.89% and Nvidia dropped 6.50%, leading declines across the Magnificent 7 group of US technology stocks. Meta lost 3.13%, Microsoft 2.19%, Amazon 2.24%, Alphabet 1.44% and Apple 0.73%.
Why it matters
The declines come alongside a claim that Democrats have won control of both the House and Senate. The election claim and any connection to the stock moves have not been independently established here.
Market impact
More than $2.3 trillion was reportedly wiped from the US stock market. The losses in the Magnificent 7 ranged from less than 1% for Apple to nearly 9% for Tesla.
Frequently asked questions
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Which Magnificent 7 stock fell the most?
Tesla posted the largest decline in the group, falling 8.89%. Nvidia followed with a 6.50% drop.
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Which of the seven stocks held up best?
Apple had the smallest decline among the seven, falling 0.73%.
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How much did Meta, Amazon and Microsoft decline?
Meta fell 3.13%, Amazon declined 2.24% and Microsoft lost 2.19%.
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How large was the reported loss across US stocks?
More than $2.3 trillion was reportedly wiped from the US stock market.
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Was the selloff linked to a change in congressional control?
A claim that Democrats won both chambers of Congress accompanied the market update, but neither that claim nor a connection to the selloff has been independently established.
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Benjamin Cowen
CoinTelegraph
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