The selloff in the shares of AAA technology behemoths — Apple Inc., Alphabet Inc. and Amazon.com Inc. — that reported quarterly results overnight are shaving...
The selloff in the shares of AAA technology behemoths — Apple Inc., Alphabet Inc. and Amazon.com Inc. — that reported quarterly results overnight are shaving off a combined $158.5 billion from the companies’ market capitalizations. But that loss would be just about 38% of what the $254.5 billion gained the day before earnings were reported. Apple stock AAPL fell 2.4% in premarket trading Friday after earnings were reported late Thursday. While that would cut Apple’s market cap by $57.
5 billion from the companies’ market capitalizations. But that loss would be just about 38% of what the $254.5 billion gained the day before earnings were reported. Apple stock AAPL fell 2.4% in premarket trading Friday after earnings were reported late Thursday. While that would cut Apple’s market cap by $57.6 billion, the pre-earnings rally of 3.7% added $85.3 billion. Alphabet’s stock GOOGL GOOG fell 3.6% ahead of Friday’s open to reduce its market cap by $49.
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