Apple, Amazon, and Other Tech Stocks Are Trimming Losses. Here’s Why.

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Tech stocks are still in the red, but the losses are easing, likely because of two main factors.

First off, the tech-heavy Nasdaq Composite began the day down more than 1% only to rise 0.5% by midday Wednesday. Apple (AAPL) fell as much as 3%, but was only down 0.3% by midday. Facebook (FB) stock bounced from its intraday low of $261 to $266, a loss of 1.7%. (AMZN) stock rose from $3,141 to $3,183, a loss of about 1%. Netflix (NFLX) stock is 2% in the red, but is off its low. Shares of Google parent Alphabet (GOOGL)…

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