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Why Intel, Microsoft, and HP Stocks Flopped Today

Why Intel, Microsoft, and HP Stocks Flopped Today

Bad news for investors in the personal computing (PC) industry: In morning trading Tuesday, shares up and down the supply chain -- from chipmaker Intel (NASDAQ: INTC) to software giant Microsoft (NASDAQ: MSFT) to hardware manufacturer HP (NYSE: HPQ) -- are all sliding. As of 10:40 a.m. ET today, Intel stock was down a big 4.6%, with both Microsoft and HP following with 3.9% losses. Although analysts had predicted that inflation would decline with the falling price of oil, August's inflation rate inched up another 10 basis points, resulting in an 8.3% year-over-year inflation rate for the month.