Apple lost a day capitalization of $ 180 billion

News

Apple lost a day capitalization of $ 180 billion

07.09.2020 News

During trading on Thursday, Apple’s market of the capitalization fell by 8%, which means a loss of almost $ 180 billion. This is a record daily cost reduction for any company in the history of the American market.
However, Apple’s capitalization still significantly exceeds of $ 2 trillion.

Excluding 2020, the previous anti-record was set by Facebook, whose market value in June 2018 for one session fell by $ 119 billion (shares fell 19%) due to negative financial forecasts against the background of the scandal with Cambridge Analytica.

In addition, a couple of days in March 2020, the daily drop in capitalization of Apple and Microsoft Corp. exceeded $ 150 billion.

US stock indexes finished trading on Thursday amid a sharp fall in the most significant losses technology sector for several months. The appetite of investors has worsened after the market rally last month.

Index Dow Jones Industrial Average before the close of trading fell by 807.77 points (2.78%) – up to 28,292.73 points. The indicator showed the most significant one-day decline since 11 of June.

Standard & Poor’s 500 fell by 125.78 points (3.51%) and amounted to 3455.06 points.

Nasdaq Composite fell by 598.34 points (4.96%) – up to 11,458.10 points.

“Shares show a significant decrease in percentage terms, especially the technology sector, but this comes after significant recent rally. The long technical sector did not respond to fundamental factors, “- said the expert CNBC Vital Knowledge Adam Crisafulli.

The day before, the US stock market ended trading at record levels amid investors’ hopes for progress in the development of tests and vaccines against coronavirus infection.

“Although we do not expect a new collapse in the near future, we do not need a new high every day to maintain the upward trend,” – said Instinet CEO Frank Cappelleri.

Facebook shares fell by 3.8%. The company said it would block new political ads on its social network a week before the presidential election. Alphabet quotes fell by 5.1%, Amazon.com – by 4.6%, Netflix – by 4.9%, Microsoft – by 6.2%.

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