🇺🇸 One Trillion Dollars Wiped Off US Tech Stock Value as Middle East Tensions Escalate
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US technology companies' stocks lost over one trillion dollars in value on Friday, while oil prices surged to their highest level in five months.
🔴 NBC News reported that the Nasdaq 100 index, which tracks the performance of a large portion of the biggest US technology and artificial intelligence companies, fell by 2.5% and is now about 7% below its last historical record, which it set last week.
🔴 The S&P 500 index decreased by one percent, and the Russell 2000 index also fell by 1.6 percent. The Philadelphia Semiconductor Index also dropped by 3.8 percent, falling for the eighth consecutive day; its longest consecutive decline since 2008.
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