Magnificent seven stocks: U.S. Stock Market indexes S&P 500, Dow Jones, Russell ​2000 hit record lows on Black Friday, Nvidia, Alphabet, Tesla, Meta Platforms, ⁠Microsoft fall big

US Stock Market indices fell sharply on Friday, ending the week in the red. The “Magnificent Seven”, Wall Street’s most valuable stocks, fell. The S&P 500 has fallen for four straight weeks, the longest string of weekly losses since the period ending March 2025. The Dow Jones has posted four straight weeks of losses, the longest string of weekly declines since the period ending in February 2023. The Russell 2000 confirmed the index was 10.3 percent below the record, reaching its closing peak on January 22. It has been in correction since then.

According to preliminary data, the S&P 500 index lost 99.01 points (1.49 percent) to 6,508.32 points, and the Nasdaq Composite lost 436.98 points (1.98 percent) to 21,653.71 points. The Dow Jones Industrial Average fell 422.32 points, or 0.92 percent, to 45,599.11.

All three major indexes were heading for their fourth straight weekly loss and remained below their 200-day moving averages, indicating worsening recent sentiment on Wall Street. Super Microcomputer collapsed after three people linked to the AI ​​server maker were accused of smuggling at least $2.5 billion worth of AI technology into China. Rival Dell is advanced.

Wall Street’s most valuable companies fell as Nvidia, Alphabet, Tesla, Meta Platforms and Microsoft lost value. US Treasuries fell for a third session, in line with a broader sell-off in UK and European government bonds as conflict in the Middle East kept oil prices high and fueled inflation concerns.

“The market has finally settled into the idea that this is going to last longer than initially expected, and I think that’s why markets are selling off. This conflict could last not just a few weeks but maybe more than a few months,” said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma.

Friday marks a quarter-to-quarter simultaneous expiration of derivative contracts tied to stocks, index options and futures, also known as the “triple witch,” which can increase trading volume and increase volatility.