Data: The market value of the seven largest U.S. stocks evaporated by about US$580 billion overnight, equivalent to about RMB 4.21 trillion

ChainCatcher reported that the Nasdaq 100 index closed down 2.9% on Wednesday, the largest single-day drop since December 2022.

The "Big Seven" as heavyweight stocks all fell, with Nvidia (NVDA.O) leading the decline, down more than 6.6%, and Apple (AAPL.O) down 2.5%. The market value of the "Big Seven" evaporated by a total of about US$580 billion (about RMB 4.21 trillion) in a single day.

Goldman Sachs' trading department said that the SP 500 index now has only one way to fall, and it will not buy on dips.