ASX set to slide, ‘Magnificent Seven’ weighs down Wall Street

Drops for Nvidia, Tesla and other former superstars are dragging Wall Street lower.

The S&P 500 was down 0.8 per cent in afternoon trading. The Dow Jones Industrial Average lost an early gain of 230 points and was down 28 points, or 0.1 per cent. The weakness for Big Tech had the Nasdaq composite…