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Why Nvidia, Amazon, and Apple Stocks Slumped Friday

TheMotleyFool

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Why Nvidia, Amazon, and Apple Stocks Slumped FridayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

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

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