: 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%

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