Why Shares of Amazon, Apple, and Meta Platforms Are Falling Today
Tech shares are tumbling, however buyers should preserve a long-time period perspective. Key Points Some buyers are promoting tech stocks in anticipation that the Federal Reserve will raise hobby charges inside the coming months. Long-time period traders may also do better to live the direction rather than panic selling. What took place Shares of Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and Meta Platforms (NASDAQ:FB) have been all sliding nowadays as traders keep to dump technology stocks in anticipation that the Federal Reserve will improve hobby fees throughout 2022. Today’s drop comes as tech stocks had been tumbling because the beginning of this yr as traders have processed facts approximately growing bond yields as properly. Amazon became down by 2.2%, Apple had dropped 2.7%, and Meta Platforms tumbled 2.8% as of eleven:37 a.M. ET. So what Technology shares had been hit difficult during the last couple of weeks as the Federal Reserve has indicated that it’s going to b...