Why Apple, Amazon, and Microsoft Are All Falling Today
Shares of Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), and Microsoft (NASDAQ: MSFT) were all sliding this morning as investors processed the latest Federal Reserve interest rate hike and as investors worry that the Fed could potentially tip the economy into a recession.
Making matters worse today, the latest data shows that retail sales are slowing down.
As a result, Apple had fallen by 3.4%, Amazon had plunged 4%, and Microsoft had tumbled by 3.1% at 11:31 a.m. ET.
Source Fool.com
