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BTC $76,163.89 -1.51%
ETH $2,356.94 -3.43%
BNB $633.75 -1.46%
XRP $1.43 -3.62%
SOL $86.73 -3.65%
TRX $0.3284 +1.03%
DOGE $0.0959 -4.86%
ADA $0.2511 -5.34%
BCH $446.45 -2.34%
LINK $9.38 -4.22%
HYPE $44.10 -1.37%
AAVE $111.70 -4.86%
SUI $0.9662 -6.90%
XLM $0.1704 -1.58%
ZEC $324.54 -7.11%

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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