SAN FRANCISCO (KRON) — On today’s edition of winners & losers, financial expert Rob Black discusses the latest in stock market trends.
Big tech companies dragged on Tuesday: Apple fell 1.7%, Microsoft lost 0.7%, Amazon dropped 1% and Tesla fell 1%.
Part of the decline in Tesla was caused by the falling price of Bitcoin.
The electric car maker put $1.5 billion of its cash into the digital currency earlier this year, and there’s been a sharp pullback in Bitcoin’s price in the last couple days.
The Associated Press contributed to this report.