NVDA - Apple Intel among tech leaders caught in S&P 500 swoon

Leading tech stocks such as Apple (NASDAQ:AAPL), Intel (NASDAQ:INTC) and Hewlett Packard Enterprise (NYSE:HPE) led a sectorwide decline, Friday, as the benchmark S&P 500 (SP500) erased memories of the all-time high it reached earlier this year. In mid-afternoon trading, the S&P 500 (SP500) had fallen almost 2%, to as low as 3,827.22--or more than 20% less than the all-time intraday high of 4,818.62 that the index hit on Jan. 4. The day's declines signaled that fears about an economic recession are only rising along with inflation that has sent prices rising as levels not seen in decades. Bellwether tech stocks reflected investors' sentiment about the economy. Apple (AAPL) fell more than 2%, to a new year-to-date low of $133.60 a share that was also the stock's lowest point since June 2021. And in another milestone for what until recently was the world's most-valuable company, Apple's (AAPL) market cap of about $2.2 trillion

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Apple, Intel among tech leaders caught in S&P 500 swoon