Business
The $1 Trillion Meltdown. Chip Stocks Lead a Steep Nasdaq Decline.
A steep tech stock selloff may wipe out more than $1 trillion in market value from the Nasdaq 100.
Nasdaq 100 futures were down 3% on Tuesday. The Nasdaq 100’s market cap was roughly $41.27 trillion on Monday. The decline in futures indicated a loss of more than $1 trillion in market cap, according to Dow Jones Market Data.
Chip stocks were sinking, joining in yesterday’s slide in Big Tech. The iShares Semiconductor ETF was down 6.4%. The Roundhill Magnificent Seven ETF was down 0.9%.
You must be logged in to post a comment Login