were each down above 4%. The S&P 500 tech closed down 5.8%, its biggest one-day decline since June 11 when it fell 6.3%.
The drops come after a massive rally among tech stocks in recent weeks following strong second-quarter earnings reports. Apple stock surged through the Covid-19 pandemic. Shares have risen nearly 70% year to date and the company surpassed a $2 trillion market cap.
Maybe investors realized people aren’t gonna be able to afford a new 5g phone since they will all be unemployed. Esp when 5g really isnt a retail consumer event its more for businesses.
Fake Stock Market Rally Engineered By The Fed. It’s all lie, they are looting people and taking their money by fake Wall Street stock.
More dump is ahead
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Source: CNBC - 🏆 12. / 72 Read more »