Hello traders everywhere. The NASDAQ continues to be pummeled by tech stocks, falling over 1% after posting a positive week last week. The reason for the drop? Big tech, Apple is grabbing the headlines with its shares falling over 3% to $198.17, bringing their monthly losses to 8.1% and five straight weeks of declines. That's the first time Apple's traded below $200 since July of 2018.
Other tech stocks retreated as well, including Amazon.com Inc. down 3.8%, Alphabet Inc. losing 3.2% and Nvidia Corp. falling 3.9%. Not shockingly, all of the FAANG are lower to start the week.
Key Events On Tap This Week:
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