Tech stocks in the United States lost $797 billion total on July 24, 2026.
This marked the steepest single‑day decline for the 'Magnificent 7' since April 2025.
Tesla and Alphabet’s values tumbled by hundreds of billions on weak earnings.
The market selloffs followed Google’s poor earnings report, raising concerns about Big Tech’s growth.
Tesla’s stock dropped over 8% following the earnings release.
Alphabet’s shares slid nearly 5% during that session.
The decline impacted broader tech benchmarks as worries spread across the sector.
The drop halted months of strong gains for top tech firms.