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Tesla, Apple, Nvidia Lead Broad Stock Selloff

Major U.S. indexes are down Wednesday, and the most popular stocks are among the biggest laggards.

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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.


Image: tech stock