Alphabet stock sank 12.6% this week, the biggest drop in the Magnificent Seven, as 6 of the 7 stocks fell.
Alphabet closed Friday at $279.84, down from $320.21 a week earlier.
The slide came after the company reported quarterly earnings after the close on Wednesday.
Tesla was the only Magnificent Seven stock to rise, gaining 7.4%.
Here is how the Magnificent Seven did this week.
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Tesla +7.41%
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Microsoft -0.49%
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Apple -0.89%
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Nvidia -2.99%
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Amazon -3.08%
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Meta -4.29%
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Alphabet -12.60%
Alphabet, Microsoft and Amazon all reported this week, and none of them finished higher.
Phil Rosen is co-founder and CEO of Opening Bell Media and chief market strategist for Silvia Inc. (NASDAQ: SVIA). He hosts Full Signal and writes Opening Bell Daily — the markets briefing read by over 200,000 investors and published on Bloomberg Terminals — and has also published two books and won a Fulbright award for his reporting. Contact him at [email protected].
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