Magnificent 7 US tech stocks closing report | On Friday (March 20), the Magnificent 7 index fell 2.00% to 185.18 points, down 2.48% for the week. From March 16-17, it fluctuated narrowly at a high level, and from March 18-20, it continued to decline.

The average bond financing cost premium for US investment-grade technology company borrowers, compared to the overall US market, has reached its highest level since 2003. Analysts point out that as financing supply continues to expand, the spread on US technology bonds may widen further. US technology companies are seeking to diversify their massive funding needs through different currencies and markets. BNP Paribas expects the net supply of investment-grade corporate bonds in the Eurozone to increase by 83% by 2027.