Tech stocks across the United States lost $797 billion in market value on July 24, 2026.
This marked the steepest single‑day decline for the 'Magnificent 7' since April 2025.
Tesla and Alphabet’s values slid by hundreds of billions due to weak earnings.
The market selloffs followed Google’s poor earnings report, sparking worries about Big Tech’s growth.
Tesla’s stock fell over 8% after its earnings release.
Alphabet’s shares tumbled nearly 5% during that session.
The decline affected broader tech benchmarks as concerns widened across the sector.
The drop halted months of strong gains for top tech firms.