Tesla, Apple, Nvidia Lead Broad Stock Selloff
Major U.S. indexes are down Wednesday, and the most popular stocks are among the biggest laggards.
Tweet on Nvidia & Tesla stock selloff
Major U.S. indexes are down today, and the most popular stocks are among the biggest laggards!#tesla #apple #nvidia pic.twitter.com/o4HmNRsuJ2
— The_Journalbiz (@the_journalbiz) September 6, 2023
Factset Chart on Nvidia and Tesla
Those companies didn’t report any significant news to account for the declines. But Nvidia has more than tripled this year, while Tesla has doubled.
- Nvidia, this year’s market darling, is down more than 3%.
- Tesla was recently off nearly 3%.
- If that weren’t enough, Apple declined about 3%.
Apple has gained 41%, so a pullback isn’t entirely surprising.
The S&P 500’s IT sector was its leading decliner.
