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BTC $63,341.35 +2.56%
ETH $1,686.64 +3.90%
BNB $606.54 +2.42%
XRP $1.18 +4.09%
SOL $67.29 +4.30%
TRX $0.3265 +0.25%
DOGE $0.0866 +3.15%
ADA $0.1702 +6.25%
BCH $210.71 -4.82%
LINK $8.02 +4.86%
HYPE $63.61 +8.74%
AAVE $64.14 +3.27%
SUI $0.7588 +2.72%
XLM $0.2016 -0.27%
ZEC $466.51 +10.83%

Data: The market value of the seven tech giants in the US stock market evaporated by nearly 600 billion dollars overnight, approximately 4.35 trillion yuan

2024-07-12 09:26:24
Collection

ChainCatcher news, according to Jinshi reports, after the positive U.S. CPI data, traders chose to withdraw from the recently strong-performing tech giants. The heavyweight stock Nvidia fell by 5.57%, Tesla dropped by 8.44%, Meta declined by over 4%, and Apple, Microsoft, Google, and Amazon each fell by more than 2%. In contrast, the Russell 2000 index, which is mainly composed of small-cap stocks, rose by over 3.5%. The total market value of the "Big Seven" tech companies in the U.S. stock market evaporated by nearly $600 billion (approximately 4.35 trillion yuan) in a single day, equivalent to losing one JPMorgan Chase (market value $595.46 billion).

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