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ETFs Highly Exposed to the 'Magnificent 7' Have Been Pummeled Amid a Tech Selloff

Financial Concepts

Definition

Key Takeaways Some of the biggest tech-centric ETFs have fallen more than 6% since last Tuesday as shares of the Magificent 7 tech firms tumbled.The Vanguard Mega Cap Growth ETF (MGK) and two ETFs focused on semiconductor stocks fared even worse.Among the Magnificent 7, shares of Tesla experienced the steepest drawdowns, while those of Microsoft and Amazon were the least affected thanks to robust

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In the Panel Profits market platform, ETFs Highly Exposed to the 'Magnificent 7' Have Been Pummeled Amid a Tech Selloff applies standard financial concepts principles to comic assets and physical collections.

Common mistakes

Do not infer unobserved prices.