"Tech Stocks Tumble as China Woes Worsen: Apple, Tesla, and Nvidia Hit Hard"
TL;DR Summary
Stocks fell as disappointing economic data from China rattled the markets, despite a strong U.S. retail sales report. The Dow Jones and S&P 500 were down, while the Nasdaq and Russell 2000 also underperformed. China's GDP grew at its slowest rate since 1976, contributing to the sell-off. Nvidia dropped as Cathie Wood's ARK Next Gen Internet ETF sold shares of AMD, which had gained 128% in 2023. Additionally, several stocks in the IBD 50, including software leaders like CrowdStrike and Cloudflare, took a dive.
- Stocks Fall On China Weakness; Nvidia Drops As Cathie Wood Sells AMD Shares Investor's Business Daily
- Apple and Tesla may no longer be ‘safe investments’ as China’s troubles grow MarketWatch
- Apple, Tesla, Nvidia Face Collateral Damage from U.S. Battle With China. Here’s Why. Barron's
- Futures Fall Amid China Data; Tesla Cuts Prices Again Investor's Business Daily
- The eve of Apple and Tesla's destruction in China Washington Times
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