Many growth stocks fell on Thursday, as investors rotated out of premium-priced companies. By the close of trading, shares of Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Unity Software (NYSE: U) were down 4%, 5%, and 9%, respectively. A tight labor market could lead to higher wages, which could, in turn, stoke inflation. Read More...
Many growth stocks fell on Thursday, as investors rotated out of premium-priced companies. By the close of trading, shares of Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Unity Software (NYSE: U) were down 4%, 5%, and 9%, respectively. A tight labor market could lead to higher wages, which could, in turn, stoke inflation.
