Apple’s share price fell the most, down 5.2%, which is the worst day since Apple’s closing down 5.81% on May 13.
Editor’s note: This article is from “Tencent Technology”, reviewing the Golden Deer . Authorized to reprint.
Photo: Apple CEO Tim Cook
August 6th news, according to foreign media reports, local time on Monday, the US stock market suffered the biggest decline in 2019, among which the five major technology giants were particularly hard hit.
On Monday, the five companies with the highest market capitalization in the United States—Microsoft, Apple, Amazon, Alphabet, and Facebook—have evaporated a total of $162 billion, driving the stock market down.
On Friday, the market capitalization of the top five companies in the US technology industry has evaporated by $66 billion. The plunge on Monday caused their two-day market value loss to reach $228 billion.
Among them, Apple’s share price fell the most, down 5.2%, which is the worst day since Apple’s closing down 5.81% on May 13.
The declines of other companies are not that big, but they still exceed the S&P 500, reflecting the huge role of technology in the economy. The industry typically excels during periods of economic prosperity and suffers disproportionate losses in the event of a slowdown.
Apple shares closed at $193.34 on Monday, down 5.23%, with a market capitalization of $873.7 billion; Microsoft closed at $132.21, down 3.43%, with a market capitalization of $110 billion; Amazon closed at $1,761.13, down 3.19%. The market value was $873.1 billion; Google closed at $1152.32, down 3.49%, with a market capitalization of $87 billion; Facebook closed at $181.73, down 3.86%, with a market capitalization of $518.5 billion.
In large technology stocks, only Google’s parent company Alphabet has outperformed the S&P 500 this year, as the index rebounded to record levels last month. The benchmark index has risen by about 14% this year, while Alphabet has risen by nearly 11%, and other companies have risen at least 18%.