Can it get even worse in the fourth quarter for investors? Maybe. More on that and what else to watch in markets for Monday, October 3, 2022.
(Bloomberg) -- Sony Group Corp. plans to make 2 million units of the PlayStation VR2 headset by March next year, people familiar with the matter said, setting an ambitious outlook that defies the global economic malaise.Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Deliveries Miss Estimates, Slowed by Logistic SnarlsOPEC+ to Consider Output Cut of More Than 1 Million BarrelsUkraine Latest: Zelenskiy Says Lyman ‘Fully Cleared’ of RussiansGet Ready for An
The stock market sell-off of 2022 led to a sharp decline in the value of some high-profile names that once traded at (or near) the eye-popping market cap of $1 trillion. Tesla (NASDAQ: TSLA) and Meta Platforms (NASDAQ: META) are two big tech names that became trillion-dollar companies before the broad market sell-off dented their market caps significantly. Tesla, for instance, currently has a market cap of $840 billion.