---
title: "QUICK SPARK: Magnificent Seven Eye Worst Day Since Trump's Tariff Turmoil"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293637754.md"
description: "The Roundhill Magnificent Seven ETF (MAGS) fell 4.25%, marking its worst session since April 2025. Tesla led the decline with a 12.31% drop after earnings missed expectations, while Alphabet fell 6.79% due to increased capital spending forecasts and negative free cash flow. Rising Brent crude oil prices above $100 per barrel further pressured risk sentiment, impacting all seven tracked tech giants."
datetime: "2026-07-23T14:58:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293637754.md)
  - [en](https://longbridge.com/en/news/293637754.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293637754.md)
generator: "portal-rs"
---

# QUICK SPARK: Magnificent Seven Eye Worst Day Since Trump's Tariff Turmoil

The **Roundhill Magnificent Seven ETF** (BATS:MAGS), which tracks the seven largest U.S. technology companies, fell 4.25% Thursday morning, on pace for its worst session since April 2025.

**Tesla Inc.** (NASDAQ:TSLA) led the drop, down 12.31% after adjusted earnings of 33 cents a share missed the 51 cents analysts expected. **Alphabet Inc.** (NASDAQ:GOOGL) fell 6.79% after lifting its 2026 capital spending forecast to as much as $205 billion.

Both reported negative free cash flow, the money left after paying for factories, chips and data centers. Alphabet’s went negative for the first time as a public company.

Rising oil prices also affected risk sentiment. Brent crude topped $100 a barrel for the first time since May after Houthi attacks on tankers off Saudi Arabia, sending the 10-year Treasury yield to its highest level since January 2025.

Every one of the seven is red. Even **Microsoft Corp.** (NASDAQ:MSFT), which does not report until next week, is down 1.30%.

*Image: Shutterstock*

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**