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The Nasdaq Composite hit a six-month low on March 10, declining over 4% last week, marking its worst day since 2022. The seven most valuable tech companies collectively lost over $750 billion, with Tesla dropping more than 9% and Nvidia losing nearly $140 billion in value. Apple, Alphabet, and Meta Platforms also saw declines exceeding 5%, while Amazon and Microsoft fell about 3%, amid heightened scrutiny of the tech sector.
The Nasdaq Composite hit a six-month low on March 10, declining over 4% last week, marking its worst day since 2022. The seven most valuable tech companies collectively lost over $750 billion, with Tesla dropping more than 9% and Nvidia losing nearly $140 billion in value. Apple, Alphabet, and Meta Platforms also saw declines exceeding 5%, while Amazon and Microsoft fell about 3%, amid heightened scrutiny of the tech sector.
Tesla shares experienced a significant decline, dropping 14%, marking the largest decrease in five years. This downturn reflects ongoing market volatility and investor concerns surrounding the company's performance.
The US stock market has plummeted over $4 trillion since its peak on February 19, primarily due to economic uncertainty stemming from ongoing tariff policies. The S&P 500 fell 8.6% from its record high, while major tech stocks like Tesla and Apple experienced significant losses.Defensive assets gained, and demand for US government debt increased as hedge funds reduced stock exposure at the highest rates in over two years. Analysts caution that trade tensions and mixed economic signals may continue to fuel market volatility in the weeks ahead.
The US stock market has plummeted over $4 trillion since its peak on February 19, primarily due to economic uncertainty stemming from ongoing tariff policies. The S&P 500 fell 8.6% from its record high, while major tech stocks like Tesla and Apple experienced significant losses.Defensive assets gained traction, and demand for US government debt increased as hedge funds reduced stock exposure at the highest rates in over two years. Analysts caution that trade tensions and mixed economic signals may continue to fuel market volatility in the weeks ahead.
US stocks are experiencing a significant downturn amid fears of a "Trumpcession," as investor confidence in Donald Trump's economic leadership wanes. The once-optimistic outlook that fueled a surge in risky stocks, particularly Tesla, has shifted dramatically, leading to widespread sell-offs.
Elon Musk has expressed that his involvement with Dogecoin is complicating the management of his businesses. This statement highlights the challenges he faces as he navigates the intersection of cryptocurrency and his various ventures.
Elon Musk has expressed that his involvement with Dogecoin is complicating the management of his businesses. This statement highlights the challenges he faces as he navigates the intersection of cryptocurrency and his various ventures.
In February, Tesla sold 26,777 vehicles in China, marking an 11.16% year-on-year decline and a 20.55% drop from January. The company's overall sales, including exports, fell 49.16% compared to the previous year, largely due to the Chinese New Year holiday and production adjustments at its Shanghai plant. Despite these challenges, Tesla has received 200,000 orders for the refreshed Model Y in China.
Thailand's payment landscape remains cash-dependent, hindered by the dominance of six major banks controlling 82% of the market. Despite significant investments in digitalization, these banks may stifle fintech innovation, making it challenging for startups to compete. Analysts express skepticism about the impact of upcoming virtual bank licenses on the entrenched system.
Elon Musk
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
tech giants lose 750 billion as nasdaq hits six month low
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05:53 11.03.2025
tech giants lose 750 billion as nasdaq hits six month low
05:53 11.03.2025
Tesla shares experience largest drop in five years with 14 percent decline
05:15 11.03.2025
us stock market loses four trillion amid tariff policy turmoil
04:00 11.03.2025
us stock market loses four trillion amid tariff policy turmoil
04:00 11.03.2025
fear of economic downturn leads to stock market decline
03:51 11.03.2025
Elon Musk cites dogecoin challenges in managing his business operations
01:13 11.03.2025
Elon Musk cites dogecoin challenges in managing his business operations
01:13 11.03.2025
Tesla's February sales in China decline amid seasonal factors and production changes
10:32 10.03.2025
big banks hinder fintech growth in thailand's payment landscape
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08:00 10.03.2025
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