Stocks are down today and investors wondering why need to look no further as we have insight into the matter!
As is the case over the last year, the state of the economy has continued to weigh on the stock market, especially inflation and the role it plays. That includes the potential response from the Federal Reserve.
While the Fed has been signaling that it wouldn’t introduce any more interest rate hikes in 2023, that might not remain true. Increasing prices, including those in the energy sector, could force the agency’s hand again as it increases interest rates in an effort to keep prices down.
If more interest rate hikes are announced, that’s likely to have a negative effect on the stock market. Considering investors’ concerns right now, it makes sense the market would take on a bear stance.
How AAPL Is Affecting Stocks Today
Also not helping matters is Apple (NASDAQ:AAPL) dragging stocks down today. The tech giant’s shares have been taking a beating lately and it might not end soon. One of the biggest problems facing AAPL stock is a selloff after a record high, as well as China reportedly asking government officials to stop using the company’s smartphones.
Investors looking for even more of the most recent stock market news will want to stick around!
We have all of the hottest stock market news that traders need to know about on Friday! Among that is what has shares of Faraday Future (NASDAQ:FFIE), Rosecliff Acquisition (NASDAQ:RCLF) and Grom Social Enterprises (NASDAQ:GROM) stock on the move today. All of that news is ready to go at the links below!
More Friday Stock Market News
- FFIE Stock Alert: Faraday Future Takes Aim at Market Manipulation
- Why Is Rosecliff Acquisition (RCLF) Stock Down 17% Today?
- Why Is Grom Social Enterprises (GROM) Stock Down 53% Today?
On the date of publication, William White did not hold (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.
