It’s on the verge of a staggering milestone: a half-trillion dollars in market value wiped out since that all-time high 18 years ago. The collapse — an 81 per cent drop from the peak — is all the more startling as it comes amid record-setting market gains. Apple Inc. recently became the first U.S.-based company to top $1 trillion in market value, followed shortly thereafter by Amazon.com Inc. The shares fell 45 per cent in 2017 after cash-flow shortages and weak sales in its power unit, among other factors. In mid-September, GE took a sharp dive when new questions arose over its critical power segment business.

Source: thestar October 01, 2018 17:48 UTC