MacMusic  |  PcMusic  |  440 Software  |  440 Forums  |  440TV  |  Zicos
tech
Search

Apple, Microsoft, Amazon, other tech stocks tumble into the red

Monday June 13, 2022. 02:56 PM , from Mac Daily News
Big tech names such as Apple, Microsoft, Amazon, Tesla, and Nvidia were deep in the red ahead of Monday’s market open.

Lina Saigol for Barron’s:

Shares of Tesla fell 2.7% in premarket trading, while Apple was nearing a 3% loss, and Nvidia was off 4.5%.
Other tech giants also dropped on Monday with Microsoft falling 2.7%, while Amazon dropped 3.7% and Google parent Alphabet by 3.4%.
The S&P 500 is poised to enter a bear market on Monday amid fears of a looming recession and more aggressive Federal Reserve action, triggered by a report on rising inflation.
Ahead of Monday’s open, S&P 500 futures dropped 2.4% to 3,804 according to SPX to Dow Jones Market Data. The S&P 500 has to dip below 3,827 points to enter a bear market —defined as a 20% fall from recent highs.

MacDailyNews Take: Patience.
Be fearful when others are greedy and greedy when others are fearful. – Warren Buffett
Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!
Shop The Apple Store at Amazon.

The post Apple, Microsoft, Amazon, other tech stocks tumble into the red appeared first on MacDailyNews.
https://macdailynews.com/2022/06/13/apple-microsoft-amazon-other-tech-stocks-tumble-into-the-red/

Related News

News copyright owned by their original publishers | Copyright © 2004 - 2022 Zicos / 440Network
Current Date
Sep, Mon 26 - 08:30 CEST