The largest technology companies in the world have lost more than 1 trillion. dollars in value in just three sessions, according to CNBC.
Shares of the companies have fallen since the US Federal Reserve raised its key interest rate by 0.50% on Wednesday, but the tech industry has suffered the biggest losses.
Apple, the world’s most valuable public company, has lost $ 220 billion in value since closing on Wednesday, the day Fed Chairman Jerome Powell said inflation was too high and there were no plans to raise it. interest rates over half a percentage point at the next meeting.
Markets initially moved higher after Powell’s statements, but optimism faded in the following days. Shares fell on Thursday, slipped again on Friday and then fell even more on Monday. The S&P 500 fell below the 4,000 point mark on Monday, having fallen 7% since closing on Wednesday, while the Nasdaq has fallen almost 10% over the same period.
The big losses of the last three trading days of the shares:
Microsoft has lost about $ 189 billion in value.
– Tesla fell to $ 199 billion, months after it saw its valuation fall below 1 trillion. dollars.
Amazon’s market capitalization fell by $ 173 billion.
– Alphabet, Google’s parent company, lost 123 dss. dollars from last week.
– The losses of Nvidia, the manufacturer of graphics cards, amount to 85 billion dollars.
Facebook’s parent company, Meta Platforms, has lost $ 70 billion in value.
Source: Capital
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