The S&P 500 index is down by 18% so far in 2022, but many of the companies that make up the benchmark index have performed much worse. In fact, five S&P 500 stocks are down by more than 60% through the first half of 2022 alone. Read More...
Motley Fool
Why Amazon, Apple, and Nvidia Are Falling Today
Shares of Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) were all falling this morning after the Commerce Department reported its latest inflation figures, which showed inflation remains persistently high. The report said that the core personal consumption expenditures index rose 4.7% in May, only slightly less than expected and still a four-decade high. Technology investors have been watching inflation figures very closely, and with today’s report, Amazon plunged 3.5%, Apple fell 2.4%, and Nvidia dropped 2.2%.
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