The Magnificent Seven — the grouping of premier tech stocks Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta Platforms (META), Microsoft (MSFT), and Tesla (TSLA) — had their worst day in over a year, with Tesla snapping its 11-day winning streak after reports of the company pushing back its robotaxi unveiling date. In addition, retail investor cash sitting on the sidelines has hit a record high, reaching over $2 trillion.

Yahoo Finance senior markets reporter Jared Blikre joins Asking For A Trend to break down the latest market trends for July 11.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Nicholas Jacobino