🚩US Stock Market Update.
👉 All 3 major US indices fell on Wednesday: #SP500 confirms correction down -1.84%, #Dow down -1.38% and #Nasdaq down -2.57 %.
👉#Tesla drops -7%, #FB finally goes below $200, and #Apple has lost almost -6% since last Friday and should be the next to start a heavy correction.
👉$BTC & $ETH remain +/- stable respectively around the $37,500 & $2,600 levels.
👉 All 3 major US indices fell on Wednesday: #SP500 confirms correction down -1.84%, #Dow down -1.38% and #Nasdaq down -2.57 %.
👉#Tesla drops -7%, #FB finally goes below $200, and #Apple has lost almost -6% since last Friday and should be the next to start a heavy correction.
👉$BTC & $ETH remain +/- stable respectively around the $37,500 & $2,600 levels.
#META alert! No more #FB stock ticker‼️
Do not be surprised like me 😅 if your #FB chart does not appear and displays an error message on Tradingview, other brokers or any news site.
That's because Zuck is changing his old #FB ticker to a new #META ticker today, even more than 6 months during Facebook's transition to Meta Platforms that has been rocky, including the 40% drop in FB stock.
Concerns about slowing user growth, advertiser skittishness as the economy cools and emerging competition from TikTok have hurt Meta Platforms and other social media stocks, such as Snapchat (SNAP), Pinterest (PINS) and Twitter (TWTR).
Do not be surprised like me 😅 if your #FB chart does not appear and displays an error message on Tradingview, other brokers or any news site.
That's because Zuck is changing his old #FB ticker to a new #META ticker today, even more than 6 months during Facebook's transition to Meta Platforms that has been rocky, including the 40% drop in FB stock.
Concerns about slowing user growth, advertiser skittishness as the economy cools and emerging competition from TikTok have hurt Meta Platforms and other social media stocks, such as Snapchat (SNAP), Pinterest (PINS) and Twitter (TWTR).
⚡️GAFAM
#Google: -30%
#Apple: -30%
#FB #Meta: -59%
#Amazon: -47%
#Microsoft: -31%
⚡️Others
#Alibaba: -67%
#Shopify: -81%
#Netflix: -77%
#PayPal: -76%
#Zoom: -81%
#Tesla: -45%
#Coinbase: -90%
👉🏻 This is not a Crypto crash, but a heavy correction of GAFAM and the Tech stocks that have exploded with the lockdown and digitalization of the economy.
Chart from Statista: Market capitalization of largest companies in S&P500 Index as of April 22, 2022 (in billion U.S. dollars)
#Google: -30%
#Apple: -30%
#FB #Meta: -59%
#Amazon: -47%
#Microsoft: -31%
⚡️Others
#Alibaba: -67%
#Shopify: -81%
#Netflix: -77%
#PayPal: -76%
#Zoom: -81%
#Tesla: -45%
#Coinbase: -90%
👉🏻 This is not a Crypto crash, but a heavy correction of GAFAM and the Tech stocks that have exploded with the lockdown and digitalization of the economy.
Chart from Statista: Market capitalization of largest companies in S&P500 Index as of April 22, 2022 (in billion U.S. dollars)