The top 10 stocks in the S&P 500 have lost $1 trillion in market cap in 4 days

0
11

The S&P 500’s SPX, -3.88% top 9 companies by market capitalization have lost a total of more than $1 trillion in value the past four days. The S&P 500 has lost 3.0% in afternoon trading Monday as surging inflation and interest rates fuel recession fears. The index has sunk 9.1% over the past four sessions, putting it on track for the lowest close since March 4, 2021. At recent stock prices, here’s what the index’s 10-most valuable companies have lost in market cap the past four days: Apple Inc. AAPL, -3.83% has lost $242.94 billion; Microsoft Corp. MSFT, -4.24% has shed $205.00 billion; Alphabet Inc. GOOGL, -4.29% GOOG, -4.08% has lost $124.72 billion; Amazon.com Inc. AMZN, -5.45% has lost $190.36 billion; Tesla Inc. TSLA, -7.10% has dropped $64.66 billion in market cap; Berkshire Hathaway Inc. has lost $62.97 billion; Meta Platforms Inc. META, -6.44% has lost $76.13 billion; Johnson & Johnson JNJ, -1.01% has lost $18.31 billion; UnitedHealth Group Inc. UNH, -3.08% has lost $22.56 billion; and Exxon Mobil Corp. XOM, -4.59% has lost $29.03 billion. The total loss in market cap for those 10 companies has been $1.04 trillion.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleNearly 30% of S&P 500 stocks have hit 52-week lows
Next articleDow Jones Newswires: U.K. unemployment rate rises, but labor market remains tight

LEAVE A REPLY

Please enter your comment!
Please enter your name here