Australia markets close in 5 hours 1 minute
  • ALL ORDS

    7,443.20
    -44.50 (-0.59%)
     
  • ASX 200

    7,246.40
    -44.90 (-0.62%)
     
  • AUD/USD

    0.6698
    +0.0003 (+0.05%)
     
  • OIL

    74.50
    +0.25 (+0.34%)
     
  • GOLD

    1,782.70
    +0.30 (+0.02%)
     
  • BTC-AUD

    25,511.34
    -20.71 (-0.08%)
     
  • CMC Crypto 200

    400.49
    -1.32 (-0.33%)
     
  • AUD/EUR

    0.6399
    +0.0017 (+0.26%)
     
  • AUD/NZD

    1.0594
    +0.0012 (+0.11%)
     
  • NZX 50

    11,605.98
    -25.62 (-0.22%)
     
  • NASDAQ

    11,549.69
    -237.11 (-2.01%)
     
  • FTSE

    7,521.39
    -46.15 (-0.61%)
     
  • Dow Jones

    33,596.34
    -350.76 (-1.03%)
     
  • DAX

    14,343.19
    -104.42 (-0.72%)
     
  • Hang Seng

    19,441.18
    -77.11 (-0.40%)
     
  • NIKKEI 225

    27,885.87
    0.00 (0.00%)
     

Why Carvana Stock Fell Hard Today

Why Carvana Stock Fell Hard Today

Shares of the online car-buying company Carvana (NYSE: CVNA) were falling once again today, after plunging 20% just last week. Instead, investors were likely following the broader market slide today as the Nasdaq Composite fell 0.6% and the S&P 500 tumbled 0.9%. Carvana investors have been particularly on edge lately as they process macroeconomic news.