Tech stocks across 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, sparking worries about Big Tech’s growth.
Tesla’s stock slid over 8% following the earnings release.
Alphabet’s shares slid nearly 5% in that trading window.
The decline hit broader tech benchmarks as anxiety grew across the sector.
The drop halted months of strong gains for top tech firms.