Meta Among Top Seven Stocks Erasing $2 Trillion June Value
META•The Magnificent Seven megacap stocks erased $2 trillion in market value so far this month, accounting for over two-thirds of the S&P 500’s total June decline. Meta, alongside peers, suffered a median 9.7% drop in June while the rest of the index posted a 0.3% median gain.
1. June Megacap Market-Cap Erosion
The Magnificent Seven — including Meta — shed roughly $2 trillion in combined market value through June, representing over two-thirds of the S&P 500’s total market-cap loss this month.
2. Meta’s Performance Among Peers
Meta joined peers in a median 9.7% decline over June, underperforming the broader market and amplifying pressure on the top-heavy index.
3. Index Concentration Risk
Meanwhile, the remaining S&P 500 names posted a median gain of 0.3%, highlighting a narrow sell-off concentrated in the largest stocks and raising concerns over index concentration risk.
4. Sector Leadership Drag
Microsoft and Amazon each lost over $350 billion, Apple and Alphabet $300 billion apiece, Nvidia $260 billion and Tesla $200 billion, underscoring tech and AI stocks as the primary drivers of the index’s June downturn, which weighed heavily on Meta.
