The country’s largest tech companies lost big bucks Monday as the U.S. stock market experienced its worst day since 2008, financial experts say.
The top five technology manufacturers in the U.S. lost a total of $321.6 billion by the end of the trading day, with Apple leading the pack with $100 billion in financial damage. Microsoft lost $83.6 billion.
Tesla shares took a 14 percent nosedive; Facebook and Alphabet shares each fell 6 percent; and Amazon stock dropped by 5.3 percent. Financial experts continue to blame the coronavirus and falling oil prices for the crisis.
Do you understand why fear of the coronavirus makes the value of stock fall? How will this affect the upcoming election?