News Formal

$1 trillion wipeout: Market rout punishes mega-cap tech

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 59%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The seven most valuable U.S. tech companies lost a combined $1 trillion in market value at the start of trading on Monday.

The tech-heavy Nasdaq was down more than 3% following the index's steepest three-week slide in two years.As U.S. markets opened for trading on Monday, tech's mega-cap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week.shed more than $300 billion in market cap at the opening bell, though it quickly recovered about half of its loss. Shares of the chipmaker were down 7% just after 10 a.m. ET.

Nvidia reports earnings later this month. The company has generated revenue growth in excess of 200% for the past three quarters.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 319. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Japanese stock market sees biggest drop since 1987's Black Monday amid US recession fearsJapanese stock market sees biggest rout since 1987 Black Monday amid global selloff
Källa: nypost - 🏆 91. / 67 Läs mer »

We’re making 6 trades in the portfolio Monday as the market rout picks up steamShortly after the bell, we'll exit two positions and use much of that cash to buy shares of four other stocks in the portfolio.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Jim Cramer's top 10 things to watch in the stock market MondayA global sell-off is underway, with Japan front and center. In the U.S., tech stocks were leading the declines.
Källa: CNBC - 🏆 12. / 72 Läs mer »

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Källa: CNBC - 🏆 12. / 72 Läs mer »

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Källa: nbcchicago - 🏆 545. / 51 Läs mer »

Jim Cramer's top 10 things to watch in the stock market MondayThe S&P 500 and Nasdaq were heading for a higher open Monday after a tough week.
Källa: CNBC - 🏆 12. / 72 Läs mer »