Tech stocks across the United States lost $797 billion overall on July 24, 2026.
This marked the steepest single‑day decline for the 'Magnificent 7' since April 2025.
Tesla and Alphabet’s values dropped by hundreds of billions on weak earnings.
These 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 fell nearly 5% in that trading window.
The decline affected broader tech benchmarks as worries spread across the sector.
The drop ended months of strong gains for top tech firms.