Why Dell Technologies Fell 10.8% in August
Shares of Dell Technologies (NYSE: DELL) fell 10.8% in August, according to data from S&P Global Market Intelligence. The hardware and software tech conglomerate isn't immune from global IT spending, and sentiment around tech hardware took a big hit after a reescalation of the U.S.-China trade war early in the month. Dell's stock was also up quite handsomely in July, and it appears at least some investors thought renewed trade tensions were reason enough to take profits.
In fact, Dell's stock was down a lot more than 10.8% late in the month, until a better-than-expected earnings report on Aug. 29 sent shares surging over 10% the very next day, making up some of the lost ground.
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Source Fool.com
