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Stealth Bear Market Worsens: 60% of S&P 500 Stocks Down 20%
Over 60% of S&P 500 companies are now in bear-market territory, with significant declines in many major tech and crypto stocks. The Magnificent Seven tech stocks have collectively lost about $4 trillion in market capitalization, with Alphabet and Meta among the hardest hit. The current market dynamics suggest a weakening of previously supportive mega-cap stocks, raising concerns about the sustainability of the S&P 500's near-record levels.