broader market

Citigroup argues it is time to retire the 'Magnificent Seven' stock grouping, as the group underperforms the broader market this year and the categorization is no longer valid. Strategists at Citi claim the term no longer reflects a coherent market segment.

Coinbase and Circle have experienced steeper losses compared to Oracle, Netflix, and Salesforce, illustrating the growing disparity between crypto equities and the broader market. The crypto stock slump continues to widen the gap with Big Tech companies.

The U.S. stock market experienced its worst day since October due to a sell-off in big technology companies, which dragged down the broader market.