Tuesday, 10 March 2020
The five most valuable tech companies lost a combined $321.6 billion from their market caps on Monday — the worst day for US stocks since the 2008 financial crisis, CNBC reports. In fact, not a single tech stock featured in the S&P 500 finished the day in the green. Apple lost the most of the top five, down 7.9%. Amazon’s share price dropped by 5.3%, while Alphabet, Facebook, and Microsoft fell by more than 6%. The Elon Musk-led Tesla, a major tech stock not included in the S&P 500 index, took a veritable beating by losing 14%. Data storage device manufacturer Western Digital…
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