Tech titans erase more than $1 trillion in market sell-off

  • 📰 CNBC
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The so-called 'MAGA' stocks, or Microsoft, Apple, Amazon and Google-parent have lost more than $1 trillion since the market rout began.

Amid the broader market sell-off, the four tech titans have erased $1.3 trillion in value since their February all-time closing highs.

Over the last month, Amazon is the relative outperformer, falling just 20.8%. Apple is down 25.4%, while Microsoft has shed 26.9%. Alphabet has lagged its peers, dropping 29.3%. All four stocks are currently in bear market territory.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Let’s pick it up tomorrow

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

13 tech companies that have added women to their boards since 2019 - Business InsiderFacebook just named two women to its board as it seeks gender parity — here are 13 tech companies that have recently diversified their boardrooms
Source: BusinessInsider - 🏆 729. / 51 Read more »