Why IonQ Stock Is Sinking Today
IonQ (NYSE: IONQ) stock is falling in Monday's trading. The quantum-computing company's share price was down 7.9% as of 3:15 p.m. ET. Meanwhile, the S 500 index was down 0.6%, and the Nasdaq Composite index was down 0.7%.
IonQ stock is falling today in conjunction with an uptick in focus on potential bearish catalysts for the tech industry and broader market. In addition to concerns that upcoming inflation data could come in higher than previously anticipated, China also announced that it had launched an antitrust investigation into Nvidia. But even with today's pullback, IonQ stock is up roughly 182% this year.
On the heels of an impressive rally, stocks are taking a breather in Monday's trading. The Bureau of Labor Statistics is scheduled to release its latest Consumer Price Index (CPI) data on Wednesday, and investors are looking to the upcoming report to provide insight on the state of inflation.
Source Fool.com
