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TSLA, NVDA, AAPL, NIO: Why Is the Stock Market Down Today?


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China and crypto worries are hurting stocks today
 

One of the largest reasons why the stock market is down today comes from China. Specifically, it has to do with Evergrande (OTCMKTS:EGRNF), a property developer that is drowning in debt and may be about to go under. For some perspective, it has $300 billion in liabilities coming due, which is about 6% of the total for China’s property sector.

Another factor that has the stock market down today is the falling price of Bitcoin (CCC:BTC-USD) and other cryptocurrencies. This has several companies in the crypto mining game, such as Riot Blockchain (NASDAQ:RIOT) dipping lower.

It’s not just China and crypto that have investors worried today. The U.S. Federal Reserve is also preparing for a policy decision on Wednesday and will provide new interest rate and inflation projections, reports Barron’s.

All of this recent news is also affecting some of the largest companies on the stock market. Let’s take a look at that below.

 

INVESTORPLACE.COM

The stock market isn't doing so hot and investors need only look at some of the biggest names to understand why shares are down today.

 

 

I was thinking about putting more money in recently, good thing I didn't do it yet. If this lasts for a while I suppose I'll probably try to "buy the dip" at some point. Not great news but not super surprising with some of the recent runs. Personally I wouldn't be sad if crypto tanked, but I'd feel bad for those who are heavily invested in it. 

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