BTC $63,874.91 -1.67%
ETH $1,854.33 -1.50%
BNB $565.08 -0.29%
XRP $1.08 -1.87%
SOL $73.90 -2.05%
TRX $0.3295 -0.43%
DOGE $0.0694 -0.38%
ADA $0.1621 -2.76%
BCH $209.74 -0.72%
LINK $8.27 -2.68%
HYPE $57.18 -2.58%
AAVE $90.97 -5.12%
SUI $0.7044 -3.91%
XLM $0.1769 -3.26%
ZEC $476.74 -5.90%
BTC $63,874.91 -1.67%
ETH $1,854.33 -1.50%
BNB $565.08 -0.29%
XRP $1.08 -1.87%
SOL $73.90 -2.05%
TRX $0.3295 -0.43%
DOGE $0.0694 -0.38%
ADA $0.1621 -2.76%
BCH $209.74 -0.72%
LINK $8.27 -2.68%
HYPE $57.18 -2.58%
AAVE $90.97 -5.12%
SUI $0.7044 -3.91%
XLM $0.1769 -3.26%
ZEC $476.74 -5.90%

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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