📈 Market Cap of the Magnificent Seven Falls by $630 Billion After Fed Rate Cut

The market capitalization of the Magnificent Seven stocks—Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla—declined sharply from a record $18.4 trillion on December 17, 2024, to $17.7 trillion on December 18. The $630 billion drop, equivalent to a 3.4% decrease, followed a Federal Reserve rate cut.