Key Takeaways
- Tech Stocks Officially In A Correction
- Margins Increase At Both Amazon And Intel
- Inflation In Line With Expectations
Stocks fell for a second consecutive day on Tuesday as fears over earnings, geopolitics, domestic politics and economic data persist. The S&P 500 fell nearly 1.2%. The Nasdaq Composite was down by almost 1.8%. Following some better than expected earnings overnight and a Personal Consumption Expenditures (PCE) report in line with expectations, we’ll see if stocks can reverse Thursday’s losses.
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