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By Staff Reporters
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Until recently, giga-cap technology stocks like Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) had large avoided the full brunt of the bear market in the NASDAQ, even as smaller companies lost 50% to 80% or more of their value.
However, over the past couple of months, some of the largest companies in the market, including Meta Platforms (NASDAQ: FB), Netflix (NASDAQ: NFLX), and Amazon.com (NASDAQ: AMZN), started to move sharply lower. Those big-name moves put a bigger dent in market capitalization-weighted benchmarks.
Broader Markets: But, the good news is that stocks surged on the best day for the NASDAQ since November 2020. The bad news is the S&P is now in its longest weekly losing streak since 2011, and the Dow’s weekly losing streak is its longest since 2001.
Ten Year T-Bond = 2.820%
CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: Alerts Sign-Up, Glossary Terms, Investing | Tagged: 10 Year T Bond, Appl, DJIA, Gigi Cap Tech Stocks, MSF, NASDAQ, S&P, T bonds | Leave a comment »
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