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America’s five top-grossing companies lost half a trillion dollars market cap in a month – Canadian Investor

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America’s five top-grossing companies lost half a trillion dollars market cap in a month - CanadianInvestor CanadiansInvest

Shifting expectations about Fed’s interest-rate increases, the China-trade policy, and escalation in the Ukraine war have shaken the US stock market, with Nasdaq hitting the lowest level in over two years.

However, most of them have seen their market caps drop throughout this year before plunging in the last month. Apple has suffered the biggest loss of all five companies, with its market cap plunging by $272bn in the last 30 days. Last week, the market cap of the tech giant dropped to $2.49trn, down from $2.22 on September 15.

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