The five biggest tech companies lost more than $400 billion in value on Thursday [CNBC]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: CNBC
The five biggest tech firms, Amazon Apple Alphabet Facebook Microsoft Shares of Apple plunged 9.88%, Facebook fell 9.30%, Alphabet dropped 8.2%, Amazon fell 7.98% and Microsoft dropped 9.48%, as investors continued to worry about the spread of coronavirus It was a bigger drop than on Monday, when the big five lost a combined $320 billion Investors seem to be most concerned about how much consumers and businesses will cut back on spending if the economy goes into a recession. There are additional concerns about supply chain constraints on product manufacturing. Apple in February warned All five are now down for the year: Facebook is down 24.7%, Google down 17.0%, Apple down 15.5%, Microsoft down 11.8%, and Amazon down 9.3%. The Dow Jones Industrial Average plummeted 10% or 2,352.60 points to 21,200.62, the biggest one-day plunge since the 1987 "Black Monday" market crash — CNBC's Fred Imbert, Ari Levy and Thomas Franck contributed to this report.
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