Top 5 U.S. companies losing a total of $260 billion in market cap, led by Apple and Amazon

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Shares of the top-five largest U.S. companies by market capitalization are all falling more than the broader stock market, as the stocks of Amazon.com Inc. AMZN, -5.14% and Tesla Inc. TSLA, -5.00% led the way lower. The combined market-cap losses of the five companies was about $259.9 billion as of Tuesday afternoon. In order of market-cap size, shares of Apple Inc. AAPL, -2.98% shed 2.8% to lost $63.3 billion in market cap; Microsoft Corp. MSFT, -3.17% dropped 2.9% to shave $58.1 billion off its market cap; Alphabet Inc. GOOGL, -3.30% GOOG, -3.47% slid 2.8%, with its market cap falling by $43.4 billion; Amazon sank 5.2%, and lost $59.4 billion in market cap; and Tesla slumped 4.7% to lose $35.7 billion in market cap. Meanwhile, the benchmark large-cap tracker, the S&P 500 SPX, -2.01%, lost 1.9%.

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

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