Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices still raging, it’s time to follow his lead
Why Amazon, Apple, and Nvidia Are Falling Today
Shares of Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) were all falling this morning after the Commerce Department reported its latest inflation figures, which showed inflation remains persistently high. The report said that the core personal consumption expenditures index rose 4.7% in May, only slightly less than expected and still a four-decade high. Technology investors have been watching inflation figures very closely, and with today’s report, Amazon plunged 3.5%, Apple fell 2.4%, and Nvidia dropped 2.2%.