The group of dominant stocks known as the “Magnificent Seven” has been at the center of the U.S. stock market’s recent sell-off, which earlier this month took the S&P 500 10% below its all-time high for its first “correction” since 2023.

US tech stocks fell sharply on Wednesday, in a fresh jolt of volatility for Wall Street as uncertainty over Donald Trump’s trade tariffs and the health of the world’s biggest economy weighed on investor sentiment.