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Find all the economic and financial information on our Orishas Direct application to download on Play StoreTechnology stocks continue to suffer from the rise in interest rates decided by the banque centrale américaine after the “annus horribilis” of 2022
Apple whose market capitalization is back below 2 trillion dollars (1 895 billion euros) despite being worth more than 3 trillion dollars a year ago. Tesla lost 12% in one day and Wall Street ended Tuesday, January 3, its first day of 2023 in the red. Indeed, after the annus horribilis of 2022, those who were hoping for a break at the beginning of the year are at a cost.
Last year, the American stock market had its worst performance since the great financial crisis of 2008. Thus, the S&P 500, which represents large companies, fell by a fifth, while the Nasdaq index, rich in technology stocks, lost a third of its value. The Dow Jones performance, which was calculated in a very complex way, with a decline limited to 9.5%, is misleading. In 2022, the entire Bourses world lost 25 trillion dollars, but it is by far the collapse of the tech giants that dominates according to the Bloomberg agency.
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