BTC $64,142.60 +1.03%
ETH $1,896.40 -0.17%
BNB $602.79 -0.29%
XRP $0.9953 -0.67%
SOL $76.02 +0.40%
TRX $0.3330 +0.12%
DOGE $0.0698 -0.63%
ADA $0.1732 -1.56%
BCH $203.83 -0.76%
LINK $9.42 +0.20%
HYPE $59.63 +0.20%
AAVE $88.46 +2.63%
SUI $0.6464 -4.65%
XLM $0.1537 -2.91%
ZEC $506.19 -1.53%
BTC $64,142.60 +1.03%
ETH $1,896.40 -0.17%
BNB $602.79 -0.29%
XRP $0.9953 -0.67%
SOL $76.02 +0.40%
TRX $0.3330 +0.12%
DOGE $0.0698 -0.63%
ADA $0.1732 -1.56%
BCH $203.83 -0.76%
LINK $9.42 +0.20%
HYPE $59.63 +0.20%
AAVE $88.46 +2.63%
SUI $0.6464 -4.65%
XLM $0.1537 -2.91%
ZEC $506.19 -1.53%

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

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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