: Microsoft, Google parent Alphabet, and nearly a fifth of S&P 500 hits 52-week lows

Jeremy September 30, 2022

0 Comments

:-microsoft,-google-parent-alphabet,-and-nearly-a-fifth-of-s&p-500-hits-52-week-lows

Nearly a fifth of the S&P 500 index sank to new 52-week lows Thursday led by some of the biggest names in the tech sector.

By early afternoon trading Thursday, at last check, the stock prices of 96 companies on the S&P 500 SPX, -0.11% touched fresh 52-week lows, according to FactSet data, with $1.755 trillion market cap Microsoft Corp. MSFT, +0.27% and $1.26 trillion Google parent Alphabet Inc. GOOG, -0.01% GOOGL, +0.01% the largest on that list.

At $2.275 trillion, the S&P 500’s largest company by market cap, Apple Inc. AAPL, -0.40%, last had its shares at a 52-week low back in June. Rounding out the S&P 500’s largest five companies, both $1.158 Amazon.com Inc. AMZN, -0.64% and $836.42 billion Tesla Inc. TSLA, -1.21%, last hit their 52-weeks lows on May 24.

Of the 96 companies hitting 52-week lows on Tuesday, 21 either belong to the S&P 500’s tech sector or belong to its communications services sector which has a large tech presence like Amazon or AT&T Inc. T, +0.71%

Other tech companies with a market cap of $50 billion or more hitting 52-week lows Thursday include Nvidia Corp. NVDA, +0.10%, Broadcom Inc. AVGO, +0.05%, Oracle Corp. ORCL, -0.32%, Qualcomm Inc. QCOM, -0.12%, Intel Corp. INTC, -0.09%, Advanced Micro Devices Inc. AMD, -0.23%, and Lam Research Corp. LRCX, -2.05%

Categories: MarketWatch.com

Related Articles

:-chip-stocks-crushed-to-two-year-low-as-more-tech,-ai-ban-to-china-add-to-woes

: Chip stocks crushed to two-year low as more tech, AI ban to China add to woes

The chip sector melted down Friday for its third 6% one-day drop of the year after U.S. regulators moved to pump the brakes on China’s…

Jeremy October 8, 2022

0 Comments

:-‘moore’s-law’s-dead,’-nvidia-ceo-jensen-says-in-justifying-gaming-card-price-hike

: ‘Moore’s Law’s dead,’ Nvidia CEO Jensen says in justifying gaming-card price hike

Nvidia Corp. Chief Executive Jensen Huang on Wednesday said he thinks it’s going to be “a pretty terrific Q4 for Ada,” the company’s next-generation chip…

Jeremy September 22, 2022

0 Comments

need-to-know:-he-nailed-three-big-s&p-500-moves-this-year-here’s-where-this-strategist-sees-stocks-headed-next,-with-beaten-down-names-to-buy.

Need to Know: He nailed three big S&P 500 moves this year. Here’s where this strategist sees stocks headed next, with beaten down names to buy.

A Wall Street hat trick may not be on the cards, with stock futures in the red ahead of an OPEC meeting and more data.…

Jeremy October 5, 2022

0 Comments

in-one-chart:-the-meta-meltdown:-this-chart-shows-facebook’s-fall-from-grace-among-the-most-valuable-us.-companies

In One Chart: The Meta meltdown: This chart shows Facebook’s fall from grace among the most valuable U.S. companies

Dogged by competitive and macroeconomic threats, Meta Platforms Inc. is sinking down the ranks of the largest U.S. companies. After a 9.4% daily slide in…

Jeremy September 14, 2022

0 Comments

Responses

Disclaimer: Neither Core Invest Institute (Core Invest Pte Ltd) or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. Core Invest Institute (Core Invest Pte Ltd) does not provide investment or financial advice or make investment recommendations. Core Invest Institute (Core Invest Pte Ltd) is not in the business of transacting trades, nor does Core Invest Institute (Core Invest Pte Ltd) agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results.