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The Nasdaq Sinks 4% As the Magnificent Seven ETF Nears a 'Bear Market'
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The exchange-traded fund tracking the Magnificent Seven stocks was on pace to close in bear market territory as Wall Street fled riskier bets amid tariff-fueled uncertainty. The Roundhill Magnificent Seven ETF was down 5.1%, on track for its lowest close since Sept. 18. A 20% fall from a recent high is considered a bear market for the major indexes.
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