Investors have been fleeing Big Tech for 'old economy' stocks. Here’s what it means for our holdings

The world's biggest technology companies, once the darlings of Wall Street, have lost roughly $3 trillion combined in market capitalization over the past year. Remarkably, that's after the tech-heavy Nasdaq composite surged more than 7% in Thursday's biggest market surge in two years on a cooler-than-expected, but still high, consumer price index.

The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone and a laptop screen.The world's biggest technology companies, once the darlings of Wall Street, have lost roughly $3 trillion combined in market capitalization over the past year. Remarkably, that's after the tech-heavy Nasdaq composite surged more than 7% in Thursday's biggest market surge in two years on a cooler-than-expected, but still high, consumer price index.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Layoff tracker: Mass layoffs by tech companies big and small hit the Bay AreaMeta, Twitter, Stripe, Robinhood, Lyft, Netflix. Here's an overview of Bay Area tech companies that have recently executed a mass layoff.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »

Private companies to face revaluation cuts next year, executive at big tech investor warnsTech investor Baillie Gifford has warned of a tough 2023 for private companies as the market has not felt the "gravitational force" of higher...
Source: MarketWatch - 🏆 3. / 97 Read more »

Big Tech Companies Lay Off Thousands of WorkersOne after another, big tech companies laid off thousands of workers in recent months. See potential bias and similarities in coverage from CNBC, CNNBusiness and FoxBusiness: TechLayoffs Economy
Source: AllSidesNow - 🏆 572. / 51 Read more »