Stocks

TSLA, NVDA, AAPL, NIO: Why Is the Stock Market Down Today?

0

The stock market isn’t doing so hot on Monday and investors need only look at some of the biggest names to understand why shares are down today.

Source: Shutterstock

One of the largest reasons why the stock market is down today comes from China. Specifically, it has to do with China Evergrande Group, a property developer that is drowning in debt and may be about to go under. For some perspective, it $300 billion in liabilities coming due, which is about 6% of the total for China’s property sector.

Another factor that has the stock market down today is the falling price of Bitcoin (CCC:BTC-USD) and other cryptocurrencies. This has several companies in the crypto mining game, such as Riot Blockchain (NASDAQ:RIOT) dipping lower.

It’s not just China and crypto that have investors worried today. The U.S. Federal Reserve is also preparing for a policy decision on Wednesday and will provide new interest rate and inflation projections, reports Barron’s.


  • 7 Dividend Stocks to Buy With Yields Over 4%

All of this recent news is also affecting some of the largest companies on the stock market. Let’s take a look at that below.

Stocks Taking a Beating Today

  • Tesla (NASDAQ:TSLA) stock is down 4.1% as of Monday morning.
  • Nvidia (NASDAQ:NVDA) stock is falling 3.7% as of this writing.
  • Apple (NASDAQ:AAPL) stock is slipping 2.2% in early trading.
  • Nio (NYSE:NIO) stock is dropping 4.9% today.

Keeping all of this in mind, traders are going to want to keep a close eye on the stock market in the coming days.

Those looking for more recent news today will also want to stick around!

We’ve got all the latest stock coverage that traders will want to know about for Monday. A few examples include a closer look into NIO stock, why cryptos are falling today, as well as Verastem (NASDAQ:VSTM) running higher.

More Monday Stock Market News

  • NIO Stock: 2 Big Reasons Nio Is Struggling Today
  • BTC, ETH, ADA, BNB: Why Is Crypto Crashing Today?
  • Penny Biotech Stocks: 8 Things for Verastem Investors to Know as VSTM Stock Shoots Higher

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

More From InvestorPlace


  • Stock Prodigy Who Found NIO at $2… Says Buy THIS Now

  • Analyst Who Found Microsoft at $0.38 Names #1 Pick for the AI Boom

  • America’s #1 EV Stock Still Flying Under the Radar

The post TSLA, NVDA, AAPL, NIO: Why Is the Stock Market Down Today? appeared first on InvestorPlace.

InvestorPlace | Stock Market News, Stock Advice & Trading Tips

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *