Why Apple, Microsoft And Amazon Shares Are Falling Today

Apple Inc AAPL, Microsoft Corporation MSFT and Amazon.com, Inc. AMZN shares are all trading lower Friday morning. Shares of several technology companies at large are trading lower as stocks fall after Fed chair Jerome Powell said the Fed will remain aggressive in its monetary policy stance to fight inflation. Higher rates lower the value of future cash flows and can impact growth stock valuations.

What Happened?

Powell said the Federal Reserve’s goal remains getting inflation back down to a goal of 2%.

“Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy,” Powell said. “Without price stability, the economy does not work for anyone.”

Powell said the impact of inflation and the labor market often falls heaviest on those who are least able to bear it... Read More

See Also: Stocks Plummet As Powell Doubles Down On Fed's Inflation Fight Until 'The Job Is Done'

• Apple is trading lower by 1.73% to $167.08
• Microsoft is trading lower by 2.58% to $271.65
• Amazon is trading lower by 3.28% to $132.78