Key Points: The five most valuable tech companies lost more than $269 billion in value on Thursday.Shares of Apple dropped 4.8%, while Alphabet closed 4.29% lower. Facebook and Microsoft both lost more than 5% and Amazon shed 3.38%. Concerns around a second wave of the coronavirus have risen as U.S. states continue on their path to reopening.A view of Apple store in fifth Avenue during coronavirus pandemic on April 7, 2020.
The five most valuable tech companies lost more than $269 billion in value on Thursday, the worst day for U.S. stocks since March.
Microsoft was the biggest loser, shedding more than $80 billion in value as shares dropped more than 5%. Shares of Facebook were also down more than 5%, while Apple dropped 4.8%. Alphabet closed 4.29% lower and Amazon shed 3.38%.
Nearly every other tech stock was down as well, with Cisco (-7.91%) and IBM (-9.1%) seeing particularly steep drops. One exception was Zoom Video, which closed up about 0.5%. The videoconferencing company's stock has been on a tear this year, rising 226% in 2020, as the coronavirus pandemic forced millions to work remotely.
Thursday's market plunge, which was sparked by an increase in Covid-19 cases, brought the Dow Jones Industrial Average down 6.9% and the S&P 500 fell 5.9%. The major averages posted their worst day since March 16, when they all dropped more than 11% in the midst of the pandemic. Concerns around a second wave of the virus have risen as U.S. states continue on their path to reopening.
U.S. coronavirus cases have topped 2 million, according to data from Johns Hopkins University.
VIDEO1:1001:10CNBC Tech Check Evening Edition: June 11, 2020CNBC Tech Check
原文地址：https://www.cnbc.com/2020/06/11/tech-stock-wipeout-big-five-lose-270-billion-in-value-zoom-rises.html