Apple, Alphabet, Amazon, Tesla, Microsoft and Meta Lost $260Bn in 24 Hours

TL;DR

Apple, Alphabet, Amazon, Tesla, Microsoft and Meta Lost $260Bn in 24 HoursRed, red, red: this was the color that prevailed on the stock display screens of Mega Tech on Wall Street on September 29th.These Bank of America analysts added that they now anticipate "weaker consumer demand" over the next year and warn that there are many macroeconomic challenges.The dollar has appreciated significantly in recent weeks against many major currencies such as the British pound and the euro, which should reduce the revenue generated by Apple in international markets once these are converted into dollars.While Big Tech continues to dominate the ranking of the world's most valuable companies, one of their members, Mark Zuckerberg's Meta Platforms, has been ejected from the top 10.The software juggernaut Microsoft is third with a market value of $1.77 trillion, followed by Alphabet with $1.28 trillion."

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