Why Nvidia, Amazon, and Apple Stocks Slumped Friday
Shares of some of the world's biggest technology companies languished on Friday after several days of positive gains for the market. Semiconductor specialist Nvidia (NASDAQ: NVDA) was down as much as 5.5%, iPhone maker Apple (NASDAQ: AAPL) was off by as much as 4.5%, and e-commerce kingpin Amazon (NASDAQ: AMZN) slipped as much as 3.5%.
While each of the stocks recovered slightly, as of 2:44 p.m. ET, the stocks were down 4%, 3.6%, and 2.2%, respectively.
New warnings about the possibility of a recession sent a wide swath of stocks lower today, but there was also company-specific news for each of the technology stalwarts.
Source Fool.com
