Nearly 800 billion US dollars evaporated overnight! Seven U.S. technology giants collectively plummeted
On Thursday Eastern Time, the three major U.S. stock indexes collectively closed down, with the Nasdaq falling 2.15%, the S&P 500 falling 1.21%, and the Dow falling 0.97%. The Big Seven Technology Index fell 4.8%, with $797 billion in market value evaporated. Tesla fell more than 14%, its largest single-day decline since March 11, 2025. Google fell more than 7%, its largest single-day decline since May 8, 2025, and its total market value fell below US$4 trillion. Amazon fell more than 4%, Meta fell more than 3%, Microsoft fell more than 2%, and Apple and Nvidia fell more than 1%.
On Thursday Eastern Time, the three major U.S. stock indexes collectively closed down, with the Nasdaq falling 2.15%, the S&P 500 falling 1.21%, and the Dow falling 0.97%. The Big Seven Technology Index fell 4.8%, with $797 billion in market value evaporated. Tesla fell more than 14%, its largest single-day decline since March 11, 2025. Google fell more than 7%, its largest single-day decline since May 8, 2025, and its total market value fell below US$4 trillion. Amazon fell more than 4%, Meta fell more than 3%, Microsoft fell more than 2%, and Apple and Nvidia fell more than 1%. On Wednesday Eastern Time, Google and Tesla announced their second-quarter financial results. Although Google's second-quarter earnings report significantly exceeded expectations, the company announced a further increase in capital expenditure plans and free cash flow turned negative for the first time in its history. Tesla's second-quarter revenue exceeded market expectations, but its second-quarter profit was lower than market expectations. Investors are paying close attention to whether large-scale capital expenditures can bring tangible revenue growth returns. In addition, the Federal Reserve is about to hold an interest rate meeting next week. The money market shows that the probability of traders betting on raising interest rates has surged from about 10% to more than 35% in a week, and market sentiment has turned sharply. On the news, according to Xinhua News Agency, US President Trump said on the 23rd that he was "seriously considering" restarting large-scale combat operations against Iran. Since the 11th of this month, the US military has launched air strikes against targets in Iran for 12 consecutive days, and Iran has also launched missile and drone attacks on US military facilities in the Middle East.