Nasdaq Crash: Five big tech names lose nearly $800 billion as concerns rise on results, spending, oil

Meta’s fall triggered a sell-off in its peer companies as well. Nvidia (down 4.4%), Amazon (down 4.6%), Microsoft (down 2.2%), and Alphabet (down 3.1%), cumulatively lost nearly $800 billion in market capitalisation. Apple and Netflix were the only two tech names that bucked the trend, ending higher amidst the sell-off.

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