U.S. Tech Giants Lose $797 Billion in One Day | JQJO

U.S. stock markets experienced a severe downturn on July 23, 2026, as the "Magnificent Seven" tech stocks saw a combined $797 billion wiped from their market capitalization in a single trading session . The sell-off was triggered by escalating geopolitical tensions and mounting investor anxiety over massive capital expenditure plans by major technology firms. The Magnificent Seven index fell by 4.8% on the day . The broader market also suffered, with the Nasdaq 100 dropping 1.9% and the S&P 500 falling 1.2% . Key earnings reports fueled the sell-off. Alphabet significantly increased its full-year 2026 capital expenditure outlook to as high as $205 billion, intensifying worries about spending discipline . Tesla's stock plunged 15% after reporting disappointing second-quarter profits, with CEO Elon Musk confirming the company is in a major capital expenditure year . Alongside Alphabet's 7.1% fall, Microsoft dropped 2.2%, Amazon fell 4.6%, and Meta slid 3.4% ahead of their upcoming earnings reports . Market analysts identified a core tension: massive AI infrastructure investment is clashing with uncertain timelines for returns . Geopolitical risks, including Middle East conflict escalation and oil price spikes, compounded the negative sentiment. The index is now 11% off its record high from May 2026 .

Julia Stiles performed a contemporary routine on Dancing With the Stars Dedication Night, joined by her 10 Things I Hate About You castmates to tribute late co‑star Heath Ledger. The routine echoed Ledger’s 1999 performance in the film, where his character sang to Stiles’ character from the bleachers. Stiles described the moment as trippy, noting her age difference and the emotional impact of revisiting the film’s legacy. Ledger died in January 2008 at the age of twenty‑eight.

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The New York Knicks unveiled their first new rafter banner in 53 years at Madison Square Garden on Tuesday night, a ceremony that marked a historic moment for the franchise. The banner, which took its time ascending from the floor to the left of the “M” in the arena’s name, was the only one to be displayed that evening. The event was attended by notable figures including Mariska Hargitay, Spike Lee, Roger Goodell and Jon Bon Jovi. While the Knicks celebrated the banner, the 76ers, led by LeBron James, stole the spotlight with a 106‑100 victory over the Knicks on opening night. The Garden, a venue that also hosts concerts, hockey, bull riding and monster trucks, remains the epicenter of a basketball city whose playgrounds have produced legends worldwide. The banner’s arrival was described as a “beautiful curtain” that honors the luckiest of the lucky. The ceremony took place before the 6:30 p.m. opening‑night game, which drew the highest ticket price in NBA history for an opener, according to Forbes. The Knicks’ fans, wearing jerseys and championship gear, filled the arena in anticipation of the new chapter for the team.

A thirty‑seven‑year‑old man was struck by a federal immigration vehicle on Tuesday morning while documenting ICE activity in Woodland, California. The collision occurred at nine‑thirty‑eight a.m. near Clover Street and College Street. The driver, an ICE agent, immediately notified police and cooperated with investigators. The victim, Antonio Moreida, sustained minor injuries and was taken to a hospital. Video evidence shows the SUV swerving into the pedestrian’s path. Woodland police are investigating the incident.

Patriots wide receiver A.J. Brown said he is praying for Eagles quarterback Jalen Hurts, who is out for the season with multiple blood clots in his lungs. Brown, who was traded from Philadelphia in June after a four‑season stint, expressed love and respect for Hurts and confidence that the former teammate can handle the situation. The two had played together for four seasons, with Brown recording 339 catches for 5,034 yards and 32 touchdowns, earning two Pro Bowls and helping the Eagles win a Super Bowl. They had not spoken since the trade until a joint practice in August.

The NFL Players Association issued a statement Tuesday night calling for a full investigation into the handling of Jalen Hurts’ medical situation. Hurts, 28, traveled to London with a blood clot in his leg, played with the clot, and returned to Philadelphia still affected. The union said the NFL had not initiated an investigation into the care he received and that the league had previously informed the union it would not review the matter. The NFLPA stresses that determining the facts is essential to ensuring players receive the highest level of care and protection moving forward.