Around the Net
Tech Stocks Take a Beating
- CNBC, Tuesday, March 10, 2020 8 AM
As a result of Monday’s market crash, tech’s top five companies lost more than $320 billion in value, CNBC reports. Shares of [Apple] plunged 7.9%, Microsoft, Facebook, and Alphabet each lost more than 6% and Amazon fell 5.3%,” it writes. “They had been among the biggest contributors to the market’s extended rally that lifted the S&P 500 to a record just last month, and now their declines are having an outsized impact on the broader index.”
