Apple has left top three the most expensive companies
The stock market had reacted strongly to the letter from Tim Cook to Apple investors which triggered the biggest one-day falling prices for company's shares during the last five years. As a result, Apple capitalization has decreased to $674,7 bn, stock prices have fallen to 142,19 per one at 8:30 am London time on January 4.
It is worth mentioning that Apple lost it’s a top rank at the end of the last year and gave way to Amazon and Microsoft.
Microsoft is a new leader with $747,79 bn and $97,4 per one stock at 8:30 am London time on January 4.
At the same time, Amazon went down to second place and shown $733,59 bn market cap with $1500,28 stock price.
Google has taken the third place and reached $710,18 bn and $1025,47 per one stock.
But it is not the end of the story, the most tech companies from S&P 500 following Apple trend due to China market and global economic slowdown.
Dow Jones index has lost 660 units and decreased by 2,83% to 22 686 units, while Nasdaq dropped by 3% to 6463 units. Also, most companies which work on China market including AMD, Nvidia, Skyworks, Qorvo, Boeing, Caterpillar and other show the reduction.
The information above cannot be considered as an investment advice and past results do not indicate future performance.
**Investors should have experience and understand the risks of losing all the initial investment
Comments
Post a Comment