In the early morning of May 12, Beijing time, the three major indexes of the US stock market closed down collectively. The NASDAQ index, which led the decline, closed down 3.18% to 11364.24 points, a new low since November 3, 2020 Among them, technology stocks were the hardest hit. Apple fell 4.4% to $147.53, with a market value of $2.38 trillion. The throne of the world's largest market value was robbed by oil giant Saudi Aramco
However, this is not over yet. Just after the opening of the US stock market, Apple's share price fell again, Apple's share price continued to fall, with a decline of - 3.32% as of the time of publication, with a quotation of US $141.635 and a total market value of US $2.29 trillion**
Based on the current share price, Apple's share price has fallen 22% from its high in January
According to professional analysis, the decline of Apple's share price is related to the overall downward environment of US stocks.
For the current market, US stocks are actually in a state of accelerated decline, especially under the background of the rise of US Treasury bond interest rate accompanied by the rise of US dollar index.
Stocks, especially growth technology stocks, are actually less and less popular in the market, which directly leads to the huge pressure on the whole technology stock industry.
At present, technology stocks are in a weak state, and it may take time to restore their dominance