Statistics from the Federal Reserve of the United States had a negative impact on the value of the largest
What is known
Inflation slowdown to 8.3% instead ofthe planned 8% led to the fact that the stock market showed the largest drop in two years. The capitalization of the six largest technology companies in 24 hours in total decreased by $500 billion.
Apple lost the most.Its shares fell by 5.87%, which is a record since September 2020. Microsoft quotes sank 5.5%. In monetary terms, the value of the capitalization of the two companies decreased by $154 billion and $109 billion, respectively.
Percentage value of Alphabet sharesfell even more - by 5.9%. But in money terms, the holding's capitalization decreased by $85 billion. Amazon lost $98 billion with a 7% decline in the value of securities for the first time since the end of spring 2022.
Meta stocks fell the most out of the sixPlatforms and NVIDIA - by 9.37% and 9.47%, respectively. The value of the capitalization of the company Mark Zuckerberg fell by $42 billion. The manufacturer of chips and video cards lost $34 billion.
Image: Forbes