The 'Magnificent Seven' tech giants have plunged in the market, now down $1.5 trillion in value. The loss is a noticeable 'textbook correction' to the market.

The 'Magnificent Seven' have been the leaders of the tech pack, helping to guide heavyweight indices such as the Nasdaq.

The Nasdaq-100 index has now officially entered correction, down more than 12% from its high.

Earnings expectations for the 'Magnificent Seven' have shifted significantly. Although past performances were strong, concerns about future growth loom large.

Alphabet is facing serious regulatory scrutiny, with potential moves to break up parts of its business.

The decline of the 'Magnificent Seven' has adversely affected the broader tech market, causing widespread sell-offs.

The prospects for the 'Magnificent Seven' look cloudy going forward. This ongoing correction could be made worse by economic hurdles or heightened regulation.