Market Turmoil Deepens as Recession Fears Trigger Sell-Off in Big Tech and Magnificent Seven Stocks

The stock market is experiencing another brutal sell-off today, extending last week’s steep declines as recession fears grip investors. The fallout from escalating tariffs continues to weigh heavily on Wall Street, sending major indices into a downward spiral.

Magnificent Seven Stocks Under Pressure

Leading the sell-off, the Magnificent Seven stocks are all trading in the red, with Tesla (Nasdaq: TSLA) plunging 8%. The electric vehicle giant is facing additional pressure after UBS analysts reaffirmed their “sell” rating and cut their price target from $259 to $225 per share, citing weaker-than-expected Q1 2025 deliveries.

Big Tech names like Apple (Nasdaq: AAPL), Alphabet (Nasdaq: GOOGL), and Meta Platforms (Nasdaq: META) are each down more than 3%, exacerbating the Nasdaq Composite’s sharp losses.

Market Indices Plunge Amid Economic Concerns

As of morning trading, all major indices are taking a hit:

• Dow Jones Industrial Average: Down 452.83 points (-1.06%)
• Nasdaq Composite: Down 589.03 points (-3.21%)
• S&P 500: Down 116.69 points (-2.0%)

JPMorgan economists provided some insight into the sell-off, stating that while 90% of the momentum sell-off is complete, the market downturn “could have much further to go.”

Wall Street Analysts Weigh In

With the market downturn in full swing, Wall Street analysts are making bold calls on several high-profile stocks:

• Tesla (TSLA): UBS reiterated a “sell” rating and lowered its price target to $225 per share, citing weaker Q1 delivery expectations.
• Airbnb (Nasdaq: ABNB): Jefferies upgraded the stock to “buy” from “hold,” forecasting “durable growth” ahead.
• Nvidia (Nasdaq: NVDA): Morgan Stanley reaffirmed its “overweight” rating, stating that AI remains the strongest driver for the semiconductor sector despite investor skepticism.

Palantir’s Sharp Decline

Among the hardest-hit stocks today is Palantir Technologies (Nasdaq: PLTR), which is down 6% to below $80 per share—now trading 36% below its 52-week high. Despite the drop, the company recently announced a groundbreaking AI partnership with Voyager aimed at preventing collisions in space, highlighting its continued innovation in AI and defense sectors.

Tractor Supply Defies Market Trends

While most stocks are sinking, Tractor Supply (Nasdaq: TSCO) is bucking the trend, rising 3.5% after announcing a 4.5% increase in its quarterly dividend payout to $0.92 per share. The move signals confidence in the company’s long-term stability and growth potential.

Final Thoughts

With the market facing continued volatility and growing fears of a recession, investors are closely watching for further analyst revisions, economic data, and corporate earnings reports to gauge the road ahead. Stay tuned for more updates as this market sell-off unfolds.