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Why Amazon, Apple, and Nvidia Are Falling Today

TheMotleyFool

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Why Amazon, Apple, and Nvidia Are Falling TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Shares of Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) were all falling this morning after the Commerce Department reported its latest inflation figures, which showed inflation remains persistently high.

The report said that the core personal consumption expenditures index rose 4.7% in May, only slightly less than expected and still a four-decade high.

Technology investors have been watching inflation figures very closely, and with today's report, Amazon plunged 3.5%, Apple fell 2.4%, and Nvidia dropped 2.2%.

Source Fool.com

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