On the eve of Independence Day, the Nasdaq decided to go nuts. Indeed, a number: 123,47. It is the price to which, mysteriously, many titles have adjusted, provoking sudden rises and falls: Apple, for example, found itself losing 14,3%, the capitalization of Amazon it dropped by 398 billion. Microsoft, in return, rose by 79,1%, Zynga by 3.200%. An error in the computer system has caused some blows to the hearts of investors. It happened after the closing of the official exchanges, on Monday evening, wreaking havoc around the price lists connected to the tech stock market: today's holiday (Independence Day) arrives by the way and will give computer technicians time to solve the problem.
The Nasdaq closed down yesterday (-0,49%) for the fifth time in the last six sessions, reaching its lowest level in the last month. Although the Year to Date (YTD) performance remains in favor of the Nasdaq, what has been happening to the giants of the technological index in recent weeks should not be underestimated.
Il FAAMG (Facebook, Apple, Amazon, Microsoft, Google) is sending not very reassuring messages, now we need to wait for the course of events and hope that what happened in March 2000 does not repeat itself, when the Nasdaq index reached its all-time high at 5132.52 points and stock prices of tech stocks soared before the outbreak of the Dot Com Bubble.
