Why AMD Stock Is Tumbling Today
Shares of semiconductor specialist Advanced Micro Devices (NASDAQ: AMD) were falling today, likely in response to new data on U.S. jobless claims.
Investors are processing the latest employment data that showed a stronger-than-expected labor market. That has some worried the Federal Reserve will continue to raise interest rates to cool the economy down.
As of 1:14 p.m. ET, AMD's stock had fallen 6.4%.
Source Fool.com
