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Why Nvidia, Facebook, Amazon, and Pinduoduo Fell Today

TheMotleyFool

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Why Nvidia, Facebook, Amazon, and Pinduoduo Fell TodayPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of Nvidia (NASDAQ: NVDA), Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN), and Pinduoduo (NASDAQ: PDD) were all falling today on seemingly no company-specific news. Instead, the tech companies shed billions of dollars in total market cap value as the S&P 500 fell today.

Nvidia was down by about 1%, Facebook slid by 1.4%, Amazon dropped 2%, and Pinduoduo plummeted by more than 10% as of 3:10 p.m. EDT.

One of the biggest reasons these tech stocks fell today is likely because of a pullback in the broader market. The S&P 500 was down by about 1% as of this writing as investors reacted to a lot of negative news.

Source Fool.com

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