The market value of the seven giants of U.S. stocks evaporated by 4.35 trillion overnight
After the U.S. CPI data brought good news, traders chose to withdraw from recently strong-performing tech giants. The heavyweight stock Nvidia fell 5.57%, Tesla fell 8.44%, Meta fell over 4%, and Apple, Microsoft, Google and Amazon each fell more than 2%. In contrast, the Russell 2000 index, which is mainly composed of small-cap stocks, rose more than 3.5%. The total market value of the "seven giants" evaporated nearly $600 billion in a single day (approximately RMB 4.35 trillion), equivalent to losing a JPMorgan Chase (market value $595.46 billion).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analysis: Bitcoin Poised to Reach $125,000 Based on Short-Term Holder Cost Basis
U.S. Spot Ethereum ETFs Saw Net Inflow of $6.22 Million Yesterday
Solana Ecosystem Advisor Nikita Bier Joins X as Head of Product
Data: Bitcoin rose 31.41% in the second quarter
Trending news
MoreCrypto prices
More








