US markets tumbled to a 13-month low in a widespread selloff. The Dow Jones Industrial Average dropped 1.99%. The S&P 500 fell 3.2% breaching 4,000 mark for first time in over a year, while the Nasdaq Composite lost 4.29%.
Apple, the most valuable publicly traded company, has seen its marketcap eroded by over $200 billion since Wednesday, when the Fed raised interest rates.
It is no just equities even crypto collapse continues with Bitcin falling over 10% in overnight trade.