BTC $78,652.72 -0.82%
ETH $2,492.03 -0.17%
BNB $752.51 +1.61%
XRP $1.41 +0.79%
SOL $103.44 -0.60%
TRX $0.3393 +1.48%
DOGE $0.0900 -1.19%
ADA $0.2188 -1.36%
BCH $258.02 -1.28%
LINK $12.51 -2.19%
HYPE $85.61 +0.67%
AAVE $128.93 -2.66%
SUI $0.8148 -1.79%
XLM $0.1878 -2.79%
ZEC $1,181.53 +3.91%
BTC $78,652.72 -0.82%
ETH $2,492.03 -0.17%
BNB $752.51 +1.61%
XRP $1.41 +0.79%
SOL $103.44 -0.60%
TRX $0.3393 +1.48%
DOGE $0.0900 -1.19%
ADA $0.2188 -1.36%
BCH $258.02 -1.28%
LINK $12.51 -2.19%
HYPE $85.61 +0.67%
AAVE $128.93 -2.66%
SUI $0.8148 -1.79%
XLM $0.1878 -2.79%
ZEC $1,181.53 +3.91%

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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