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Apple, Facebook and many giants lost $ 270 billion because of COVID-19

Apple, Facebook and many giants lost $ 270 billion because of COVID-19

Apple, Facebook and many giants lost $ 270 billion because of COVID-19

Five major tech companies - Microsoft, Apple, Facebook, Alphabet and Amazon lost more than $ 269 billion on Thursday, the worst day for U.S. stocks since March.

In particular, Microsoft is the highest loss company, losing more than $ 80 billion in value when the stock fell more than 5%, Facebook shares also fell more than 5%. In addition, Apple's stock price fell 4.8%, Alphabet closed trading lower than 4.29% and Amazon fell to 3.38%. 
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Nearly every other technology stock on the US stock exchange also dropped on June 11. Cisco is down 7.91% and IBM is down 9.1%, these stocks continue to plummet. 

An exception, however, is Zoom, whose shares closed up with a 0.5% gain. This year, the economy recorded Zoom's outstanding growth, sales increased 226% from the beginning of the year until now due to the COVID-19 pandemic that forced millions of people to work remotely.
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The stock market decline on Thursday occurred due to the increase in COVID-19 infections. This has affected the Dow Jones Industrial Average by 6.9%, S&P 500 by 5.9%. 

June 11 is the darkest day of US stocks since March 16 until now. Earlier, on March 16, indices fell by more than 11% in the middle of the pandemic. Concerns around a second wave of viruses have risen as US states continue to implement reopening the economy.

COVID-19 infections in the United States have reached 2 million, leading the world, according to data from Johns Hopkins University.


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