"Tech giants lost more than $1 trillion in value in the last three trading days"

" \n Tech giants lost more than $1 trillion in value in the last three trading days \n \n\n \n The world\u2019s largest technology companies have shed over $1 trillion in value in just three trading sessions. \n \n\n \n Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more pain than other sectors of the economy. \n \n\n \n Investors now have less interest in what drove business during a strong bull market in recent years, including during the pandemic, and are now pushing more money toward safer pockets of the market, including staples like\u00a0 Campbell Soup ,\u00a0 General Mills \u00a0and\u00a0 J.M. Smucker . \n \n\n \n Apple , the world\u2019s most valuable public company, has shed $220 billion in value since the close of trading on Wednesday, the day Fed Chair Jerome Powell declared that inflation was running too high and that there were no plans for a rate hike more than half of a percentage point. \n \n\n \n Markets first moved up on Powell\u2019s comments, but the optimism sputtered out in the following days. Stocks went lower on Thursday, fell again on Friday and then still lower on Monday. \n \n\n \n Read: Treasury Bill: Investor reluctance wipes GHS 2bn off government\u2019s target of GHS 5.21bn in April \n \n\n \n The S&P 500 U.S. stock index fell below the 4,000 mark on Monday, having declined by 7% since Wednesday\u2019s close, while the Invesco Nasdaq 100 ETF is off by nearly 10% during the same period. \n \n\n \n Here are the other big losses over the last three trading days: \n \n\n \n Microsoft \u00a0has lost around $189 billion in value. \n \n\n \n Tesla\u2019s \u00a0markdown registers at $199 billion, months after seeing its valuation fall below $1 trillion. \n \n\n \n Amazon\u2019s \u00a0market capitalization has declined by $173 billion. \n \n\n \n Alphabet , Google\u2019s umbrella company, is worth $123 billion less than it was last week. \n \n\n \n Graphics card maker\u00a0 Nvidia\u2019s \u00a0loss stands at $85 billion. \n \n\n \n And Facebook parent\u00a0 Meta Platforms \u00a0has lost $70 billion in value. \n "

"Tech giants lost more than $1 trillion in value in the last three trading days"

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