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'This is a dicey moment': Amazon, Apple, other tech giants lose billions in value as market wobbles

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The trillion-dollar club is getting smaller. Apple, Microsoft, Amazon, Tesla and Alphabet have lost a combined $3.4 trillion in valuation this year as the Fed squeezes the economy and recession fears grow.

As the holiday season quickly approaches, here's how high inflation could benefit you when shopping for gifts.The trillion-dollar club is losing members as tightening from the Federal Reserve leads the most valuable companies in the country to lose trillions in market capitalization.

“It’s a lot of money,” said David Musto, a finance professor at the University of Pennsylvania’s Wharton School of business. “There’s still a lot of confidence left , but this is a dicey moment.”has fallen more than 33% year-to-date amid high inflation, rising interest rates and growing fears of a recession.Which tech company has the highest market cap?

 

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