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ETH $2,384.10 +2.92%
BNB $638.38 +1.30%
XRP $1.43 +0.58%
SOL $87.04 +1.69%
TRX $0.3298 -1.03%
DOGE $0.0961 +1.60%
ADA $0.2493 +0.36%
BCH $461.12 +3.24%
LINK $9.34 -0.26%
HYPE $41.23 +4.15%
AAVE $94.53 +3.41%
SUI $0.9489 +0.73%
XLM $0.1768 -0.71%
ZEC $317.99 +0.51%

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
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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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