TSLA, GOOGL Stocks Lead 'Magnificent Seven' Rout – MAGS ETF On Track For Biggest Single-Day Loss This Year

TSLA and GOOGL stocks are leading a decline in the 'Magnificent Seven' group of tech giants.

The MAGS ETF is on track for its biggest single-day loss this year.

Renewed geopolitical tensions in the Middle East are weighing on investor sentiment.

The broader technology sector has weakened as a result of the tensions.