Stocks and Investing
Stocks and Investing
Biggest Single-Day Market Cap Drops in U.S. Stocks
- On Feb. 3, 2022, Meta Platforms set a new record for the largest single-day decline in market capitalization with a loss of $232 billion after a disappointing quarterly earnings report, eclipsing Apple's (AAPL) $182 billion decline in 2020.
The article from Investopedia discusses some of the largest single-day market capitalization drops in U.S. stocks, highlighting the volatility and risk inherent in the stock market. It lists several notable instances where companies like ExxonMobil, Apple, and Microsoft experienced significant declines in their market value in a single trading day. For example, ExxonMobil saw a $56 billion drop in market cap on October 15, 2008, during the financial crisis. Apple had a $113.5 billion drop on September 21, 2021, due to supply chain issues and production delays. Microsoft lost $109 billion on March 16, 2020, amid global economic uncertainty due to the onset of the COVID-19 pandemic. These events underscore how external economic conditions, company-specific news, or broader market sentiment can lead to dramatic shifts in a company's valuation, affecting investors and the market at large.
Read the Full Investopedia Article at:
[ https://www.investopedia.com/investing/biggest-singleday-market-cap-drops-us-stocks/ ]
Read the Full Investopedia Article at:
[ https://www.investopedia.com/investing/biggest-singleday-market-cap-drops-us-stocks/ ]
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