Just caught the market recap from Thursday and man, the stock market plunge was pretty brutal. The Magnificent Seven tech stocks basically led the charge downward, with Apple dropping over 5% and the rest of the gang sliding 2% or more. S&P 500 ended down 1.57%, Dow off 1.34%, but the Nasdaq really took it on the chin with a 2.04% decline. What's interesting is Cisco got hammered even harder at 12% down after warning about memory chip costs eating into their margins.

Beyond tech, there was this whole wave of selling in trucking and logistics names. Landstar Systems and CH Robinson both got crushed over 14% amid fears about AI disruption to their business model. Even crypto-exposed stocks felt the pain as Bitcoin dipped over 3%, dragging down names like Coinbase and Riot Platforms.

The one bright spot in this stock market plunge? Bond yields actually fell as investors rotated to safety. The 10-year dropped to 4.10%, hitting a 2.25-month low. Jobless claims came in a bit hotter than expected and home sales disappointed, which basically gave the Fed cover to stay patient. Some of the better earnings reports did manage to pop though - Cognex was up 37% after crushing revenue expectations, and Equinix rallied 10% on strong guidance.