US EQUITY OPEN: Indices slump after the open as Mag-7 (ex-AAPL) leads the declines

The sharp decline in US indices, driven largely by the performance of the Magnificent Seven (excluding Apple), signals investor anxiety about ongoing geopolitical tensions and economic uncertainty.

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US EQUITY OPEN: Indices slump after the open as Mag-7 (ex-AAPL) leads the declines

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This sell-off may indicate a broader risk-off sentiment, which could lead to shifts in asset allocation away from equities towards safer havens, impacting currencies and commodities as well.

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