On July 18, Guolong Information reported that the Nasdaq 100 index fell 2.9% on Wednesday, the biggest single-day drop since December 2022. All seven of the weighted stocks, known as the "Seven Giants", fell, with Nvidia (NVDA.US) leading the decline, down more than 6.6%, and Apple (AAPL.US) down 2.5%. The market capitalization of the Seven Giants evaporated by about $580 billion (approximately 4.21 trillion yuan) in a single day. The trading department of Goldman Sachs said that there is only one way for the S&P 500 index to go, and that is down, and it will not buy on dips.
美股七巨头市值一夜蒸发4.2万亿元 高盛：现在只有下跌这一条路
The market cap of the seven giant US stocks evaporated by 4.2 trillion yuan overnight. Goldman Sachs: now there is only one way to go, and that is down.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.