• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
LLODO – Education and technology

LLODO - Education and technology

Find your international education - university and college study education programs, student Exam, and course information.

  • Technology News
  • Blog Anony
  • Technology Quiz

Market capitalization of the world’s largest technology firms evaporated 1 trillion USD after 3 sessions, Apple alone lost 220 billion USD

05/10/2022 by admin Leave a Comment

CNBC reported that the world’s largest technology companies saw their capitalization blown by $1 trillion in just three trading sessions.

Shares in the biggest companies have sold off since the Fed raised interest rates on Wednesday. However, technology companies have been hit harder than other sectors of the economy.

Market capitalization of the world's largest technology firms evaporated 1 trillion USD after 3 sessions, Apple alone lost 220 billion USD - Photo 1.

Currently, investors are no longer interested in the technology sector, which has played a leading role in the market in recent years and even during the pandemic. Currently, the cash flow is being directed to safer stocks in the market.

Apple – the world’s largest public company that has seen $220 billion in value blown away since Wednesday’s trading session – the same day Fed Chairman Jerome Powell declared that inflation was too high and “committed to will firmly stabilize the price situation.”

“The US economy is very strong and is well positioned to turn around with a tighter monetary policy,” he added. He predicts that the US economy will witness the “softest or softest landing” despite the tightening of monetary policy.

In addition, the plan announced by the Fed after the meeting on May 4 also includes reducing the size of the balance sheet taking place in phases. The U.S. central bank will limit the proceeds from the bond issue to maturity each month when reinvesting the remainder. Starting June 1, $30 billion in Treasuries and $17.5 billion in mortgage-backed securities will apply. After three months, the limit on Treasuries will increase to $60 billion and $35 billion for mortgages.

Initially, the market reacted positively to Mr. Powell’s comments but optimism gradually faded in the days that followed. Stocks both fell on Thursday and continued to fall on Friday and continued to fall on Monday.

Here are the companies that have seen the biggest drop in value in the last 3 trading days:

Microsoft lost $189 billion in value.

Tesla lost $199 billion, its total value falling below $1 trillion.

Amazon saw its market capitalization drop by $173 billion.

Alphabet – Google’s parent company saw $123 billion blown away in the past week.

Meta Platforms – Facebook’s parent company lost $ 70 billion in value.

Brunello Rosa, CEO and director of research at Rosa & Roubini, a consulting firm he co-founded with economist Nouriel Roubini, said investors initially welcomed the news that the Fed would not raise rates by zero. 75%, but he warned that further 0.5% rate hikes are likely to appear in a row over the next few months. He also said that the Bank of England (BoE) is the most realistic unit in the current situation when it admits that the risk of the UK economy falling into a recession is completely real.

“Obviously central banks are being quite adamant at the moment. But the reality is that excessive policy tightening will negatively affect economic growth,” he said.

“In the eurozone and in the US, many central banks are still not fully aware that many economic activities are likely to decline in the near future,” he added.

He thinks the conflict in Ukraine will last longer than many forecast, and this is one of the headwinds for the global economy besides the supply chain crisis, inflation and high interest rates. .

https://cafebiz.vn/von-hoa-cac-hang-cong-nghe-lon-nhat-the-gioi-boc-hoi-1-nghin-ty-usd-sau-3-phien-rieng-apple- mat-220-ty-usd-20220510092437064.chn

Filed Under: Technology News Tagged With: ICT News

Related posts:

  1. The ransomware group made $77 million in nearly 2 years, the US offered a reward of $ 10 million for information about the leader
  2. VALORANT Vietnam launches PC Gaming set “Challenge the Limits” on the one-year anniversary of its launch in Vietnam
  3. Planning 3 phases to “eliminate” “gasoline” cars and cover 100% of electric cars?
  4. Shopee is behind, ahead in the Southeast Asian e-commerce race
  5. The global supply chain wobbles again
  6. Samsung plans to increase chip prices by 20%
  7. gathers more than 30 brands with many impressive technology products
  8. Samsung shares its vision for the future of folding and sliding screen technology
  9. Looking back at a painful week of the virtual currency market
  10. Learning from Apple, Google will also remove nearly 900,000 outdated apps from the Play Store
  11. Indonesia: The Land of Unicorn
  12. Time to reschedule, Shopee party for 1K in “Day 15 of Same Price Sale”
  13. The story of Singapore’s first tech unicorn
  14. Apple partners reduce iPhone production due to strict blockade in Shanghai
  15. Thinking everything was arranged, Elon Musk suddenly postponed the acquisition of Twitter
  16. The passionate 2K IT guy holds a pen to draw a single peg “carrying street vendors” 8000 USD
  17. Amazon – ‘Fear’ of merchants
  18. Why are technology stocks ‘carpeted down’?
  19. Apple lost the most valuable throne in the world
  20. Once more profitable than any Japanese company, Masayoshi Son’s Softbank is now losing money on all fronts, about to set a sad record

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Recent Posts

  • Beautiful design, strong configuration, “delicious” camera like Find X5 Pro?
  • Sony introduces WH-1000XM5 . headphones
  • FPT Smart Home makes a change with a different look in the smart switch collection 2022
  • iPhone 13 Pro Max, Samsung Galaxy S22 Ultra and OPPO Find X5 Pro
  • The once-popular game Fall Guys is about to be free to play, but the PC version will only be available on the Epic Store




Categories

  • Blog Anony (381)
  • Family and Friends 1 (63)
  • Family and Friends 2 (80)
  • Family and Friends 3 (80)
  • Family and Friends 4 (84)
  • Family and Friends 5 (82)
  • Grade 1 Math (61)
  • Grade 2 Math (96)
  • Grade 3 English (68)
  • Grade 3 Math (67)
  • Grade 4 English (68)
  • Grade 4 Math (77)
  • Grade 5 English (68)
  • Grade 5 Math (88)
  • Grade 6 English (104)
  • Grade 6 Math (67)
  • Grade 6 Physics (30)
  • Grade 7 English (104)
  • Grade 7 Math (57)
  • Grade 7 Physics (30)
  • Grade 8 Biology (64)
  • Grade 8 Chemistry (43)
  • Grade 8 English (104)
  • Grade 8 Math (75)
  • Grade 8 Physics (29)
  • Grade 9 Biology (63)
  • Grade 9 Chemistry (56)
  • Grade 9 English (104)
  • Grade 9 Math (61)
  • Grade 9 Physics (62)
  • Houseware (126)
  • Learning English (50)
  • Linux Quiz (300)
  • Software (31)
  • Technology News (7,247)
  • Technology Quiz (850)
  • Windows Quiz (200)

Copyright (c) 2022 · LLODO.COM - About Us - Privacy Policy - Contact Us - Site map
Link: Question Answer English - Hoc edu - Internet Do