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ETH $2,237.81 -2.83%
BNB $613.30 -1.73%
XRP $1.36 -1.71%
SOL $82.39 -1.78%
TRX $0.3232 +0.03%
DOGE $0.1017 +2.15%
ADA $0.2421 -2.15%
BCH $445.31 -1.03%
LINK $9.02 -2.66%
HYPE $39.97 -0.32%
AAVE $93.59 -3.20%
SUI $0.8984 -3.13%
XLM $0.1593 -1.90%
ZEC $322.05 -3.59%

Data: The market value of the seven tech giants in the US stock market evaporated by nearly 600 billion dollars overnight, approximately 4.35 trillion yuan

2024-07-12 09:26:24
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ChainCatcher news, according to Jinshi reports, after the positive U.S. CPI data, traders chose to withdraw from the recently strong-performing tech giants. The heavyweight stock Nvidia fell by 5.57%, Tesla dropped by 8.44%, Meta declined by over 4%, and Apple, Microsoft, Google, and Amazon each fell by more than 2%. In contrast, the Russell 2000 index, which is mainly composed of small-cap stocks, rose by over 3.5%. The total market value of the "Big Seven" tech companies in the U.S. stock market evaporated by nearly $600 billion (approximately 4.35 trillion yuan) in a single day, equivalent to losing one JPMorgan Chase (market value $595.46 billion).

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