: Microsoft, Google parent Alphabet, and nearly a fifth of S&P 500 hits 52-week lows

Nearly a fifth of the S&P 500 index sank to new 52-week lows Thursday led by some of the biggest names in the tech sector.

By early afternoon trading Thursday, at last check, the stock prices of 96 companies on the S&P 500
SPX,
-2.11%
touched fresh 52-week lows, according to FactSet data, with $1.755 trillion market cap Microsoft Corp.
MSFT,
-1.48%
and $1.26 trillion Google parent Alphabet Inc.
GOOG,
-2.63%
GOOGL,
-2.63%
the largest on that list.

At $2.275 trillion, the S&P 500’s largest company by market cap, Apple Inc.
AAPL,
-4.91%,
last had its shares at a 52-week low back in June. Rounding out the S&P 500’s largest five companies, both $1.158 Amazon.com Inc.
AMZN,
-2.72%
and $836.42 billion Tesla Inc.
TSLA,
-6.81%,
last hit their 52-weeks lows on May 24.

Of the 96 companies hitting 52-week lows on Tuesday, 21 either belong to the S&P 500’s tech sector or belong to its communications services sector which has a large tech presence like Amazon or AT&T Inc.
T,
-1.90%

Other tech companies with a market cap of $50 billion or more hitting 52-week lows Thursday include Nvidia Corp.
NVDA,
-4.05%,
Broadcom Inc.
AVGO,
-3.40%,
Oracle Corp.
ORCL,
-2.65%,
Qualcomm Inc.
QCOM,
-3.44%,
Intel Corp.
INTC,
-2.76%,
Advanced Micro Devices Inc.
AMD,
-6.17%,
and Lam Research Corp.
LRCX,
-2.91%