What’s wrong Share Nvidia (((NASDAQ: NVDA), Facebook (((NASDAQ: FB), Amazon (((NASDAQ: AMZN), When Multiple onset (((NASDAQ: PDD) Everything was depressed today as there seemed to be no company-specific news. instead, High tech company Save billions of dollars in market capitalization S & P 500 I fell today. As of 3:10 EST, Nvidia fell about 1%,
Share Nvidia (((NASDAQ: NVDA), Facebook (((NASDAQ: FB), Amazon (((NASDAQ: AMZN), When Multiple onset (((NASDAQ: PDD) Everything was depressed today as there seemed to be no company-specific news. instead, High tech company Save billions of dollars in market capitalization S & P 500 I fell today.
As of 3:10 EST, Nvidia fell about 1%, Facebook fell 1.4%, Amazon fell 2%, and Pinduoduo plummeted by more than 10%.
One of the biggest reasons these tech stocks have fallen today could be due to a wider market recession. The S & P 500 fell by about 1% at the time of this writing as investors responded to a lot of negative news.
Image Source: Getty Images.
First, the CDC has overturned the policy of indoor masks, and even those who have been vaccinated with COVID-19 are advised to wear the mask again while in some indoor public spaces.
Investors are worried that pandemic-related restrictions could hurt the US economy due to the spread of delta variants of the coronavirus. While the economy is recovering from the 2020 blockade and social distance, it is still volatile and there are concerns that new regulations could slow its growth.
And Nvidia investors Intel When Texas Instruments, Recently reported quarterly financial results. Technology investors were generally concerned about the semiconductor industry as the pandemic disrupted the global supply of chips.
In addition, shares in Pinduoduo, an agriculture-focused tech platform company, could fall after the Chinese government has tightened regulations on China-based tech companies over the past few weeks.
For example, the Chinese government threatened a ride-hailing company Didi Unprecedented penalty or Delisting Dissatisfaction with the company’s recent listing in the United States has resulted in a decline in shares in China-based tech stocks.
Stocks in Nvidia, Facebook, Amazon, and Pinduoduo may face even more volatility in the near future. Both Facebook and Amazon will release quarterly revenue reports this week. This can raise or lower the stock price, depending on the company’s report.
In addition, tech investors are looking for where to invest as the US economy recovers. Investors fled the tech sector earlier this year, but have returned to the tech sector in the past few months. In some cities, new restrictions related to COVID-19 may occur, which could make the stock market even more volatile in the coming months.
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Why Nvidia, Facebook, Amazon and Pinduoduo fell today
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