The market value of the seven giants of US stocks evaporated 4.35 trillion yuan overnight
2024-07-11 23:05:04
United States cpi data after the good news trader selection withdrawal near futuredesk3cryptocurrencydesktopCrypto News
After the US CPI data was good, traders chose to withdraw from the tech giants that have performed strongly recently. The heavyweight Nvidia closed down 5.57%, Tesla fell 8.44%, Meta fell more than 4%, and Apple, Microsoft, Google and Amazon each fell more than 2%. In contrast, the Russell 2000 index, which is dominated by small-cap stocks, closed up more than 3.5%. The market value of the "seven giants" evaporated nearly 600 billion US dollars (about 4.35 trillion yuan) in a single day, which is equivalent to one less JPMorgan Chase (market value 595.46 billion US dollars).
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