CNN —
US stocks tumbled Friday, heading for a down week despite a year of historic highs.
The Dow was lower by around 450 points, or 1%, in early-afternoon trading, the S&P 500 lost 1.4% and the Nasdaq Composite was down by 1.9% after a selloff in Big Tech stocks. Shares of Tesla (TSLA) fell by around 4.5%, while Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT)and Nvidia (NVDA) were all lower by around 2%.
The “Magnificent Seven” group of high-performing tech stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — has accounted for
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