TLDR

The “Magnificent Seven” tech stocks lost more than $850 billion in combined market value in a single week.
Meta had its worst week since October 2025, falling over 11% after losing a landmark social media lawsuit.
Microsoft is on track for its worst quarter since 2008, closing the week down 6.5%.
Bitcoin is sitting near $65,000 and the S&P 500 is down over 7% for the year, with a rate hike now seen as more likely than a cut.
Apple was the only Magnificent Seven stock to end the week higher, after reports it may open Siri to rival AI services.

The “Magnificent Seven” megacap stocks — some of the most valuable companies in the world — had one of their worst weeks in recent memory, wiping out more than $850 billion in combined market value. The sell-off hit almost every corner of the market, from tech to crypto.

Meta dropped more than 11% for the week, its worst performance since October 2025. A jury found Meta and Google’s parent company Alphabet negligent for failing to protect young users on their platforms. Alphabet closed the week down nearly 9%.

Meta Platforms, Inc., META

Microsoft fell 6.5% for the week. The company is now on pace for its worst quarter since 2008. Software stocks have been particularly hard hit.

BREAKING: The S&P 500 officially posts its lowest close in 232 days, erasing another -$1 trillion of market cap today.

This brings total S&P 500 losses since the Iran War began to -$4.8 trillion. pic.twitter.com/M0neWsF9PI

— The Kobeissi Letter (@KobeissiLetter) March 27, 2026

Nvidia and Amazon each fell roughly 3% for the week. Tesla dropped close to 2%.

Why Tech Stocks Fell So Hard

Bond yields rose sharply this week as investors priced in higher inflation, fueled in part by rising oil prices. With that shift, expectations for Federal Reserve rate cuts have effectively vanished. Markets now see a rate hike in 2026 as more likely than a cut.

That environment is bad for growth stocks, which tend to rely on cheap borrowing and future earnings that lose value when rates rise.

Semiconductor stocks were also rattled mid-week after Alphabet published new research describing an algorithm that could reduce AI memory usage. That hit memory chip makers including Sandisk and Micron Technology hard on Thursday. Both ended the week in the red, though the sector partially recovered on Friday.

The S&P 500 is now down more than 7% for the year. The Nasdaq is in correction territory. The VIX, Wall Street’s fear gauge, crossed 30 — its highest level in a year.

Where Crypto and Safe Havens Stand

Bitcoin is sitting near $65,000, well below its earlier highs. Gold has also pulled back around $500 from its January record.

The market environment has left few safe places to hide. International stocks are also underperforming their US counterparts.

Apollo chief economist Torsten Sløk said he believes markets are overreacting and that the current volatility will likely last four to six weeks before stabilizing. Truist Wealth’s chief investment officer Keith Lerner told clients this week that “measured cash deployment is warranted.”

Apple was the one bright spot among the Magnificent Seven, finishing the week slightly higher. The company was reported to be planning to open its Siri voice assistant to AI services beyond its current deal with OpenAI.

As of the most recent close, the S&P 500 stood at 6,368, down 1.67% on Friday.

The post Markets In Turmoil: Magnificent 7 Stocks Lose $850 Billion in One Week appeared first on CoinCentral.

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Filed under: News - @ March 29, 2026 10:24 am