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

Source: https://www.cnbc.com/2022/05/09/tech-giants-lost-over-1-trillion-in-value-in-last-three-trading-days.html?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosam&stream=top
Published: May 10, 2022
Author: Staff
Post Date: 2022-05-10 21:31:52 by Horse
Views: 124

Apple, the most valuable publicly traded company, has seen its market capitalization trimmed by over $200 billion since Wednesday, when the Fed raised interest rates by a half percentage point.

Staples like Campbell Soup, General Mills and J.M. Smucker have outpaced Big Tech in the past three trading days.

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#1: Esso    To: Horse, 4um (#0)

The XOM I bought at $40 whenever was a risky trade at the time, a couple years ago. I thought they might cancel their dividends (10+% @$40) it's $80+ now. In hindsight, it looks like a no-brainer, but it could've gone either way.

Esso posted on 2022-05-10 23:18:30   Reply   Private Reply