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Major Technology Companies Including Tesla, Apple, And Nvidia All Down Significantly Before Monday’s Market Opening.

Tesla (NASDAQ: TSLA) shares plummeted 2.7% in premarket trade, while Apple (NASDAQ: AAPL) shares fell close to 3% and Nvidia (NASDAQ: NVDA) shares plunged 4.5%. Following Tesla’s announcement of a 3-for-1 stock split in a proxy statement, the shares rose in Friday’s extended session.

It wasn’t only Microsoft and Amazon that took a hit on Monday. Google parent Alphabet and Microsoft were also down 3.4 percent and 2.7 percent, respectively.

S&P 500 SPX –2.91 percent is on the verge of entering a bear market on Monday, spurred by a report on increasing inflation and worries of an impending recession.

S&P 500 futures fell by 2.4% to 3,804 points before the start on Monday, according to SPX to Dow Jones Market Data. To be considered in a bear market, the S&P 500 must decline by 20% from its recent highs, or below 3,827 points.

During the week ending March 27, 2020, the S&P 500 Index lost 207.68 points, or 5.05 percent, to finish at 3900.86 points.

The post Major Technology Companies Including Tesla, Apple, And Nvidia All Down Significantly Before Monday’s Market Opening. appeared first on Best Stocks.

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