American Tower Corp (AMT)

Shares of American Tower Corp. (AMT) dropped by 4.56% from $177.41 to $169.32 in the trading on Thursday, September 21, 2023. The reason why AMT is down today is due to broader market trends. The US stock market faced a challenging September, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all posting losses between 4% and 6%. Big Tech giants, including Apple and Nvidia, struggled during the month, impacting overall market performance. Concerns about central banks maintaining higher interest rates and rising oil prices were key factors contributing to the market's downturn, with the Federal Reserve's commitment to addressing inflation playing a significant role. The US Dollar Index strengthened as investors anticipated prolonged high-interest rates.

Shares of American Tower Corp. (AMT) dropped by 4.13% from $185.65 to $177.99 in the trading on Wednesday, August 16, 2023. The reason why AMT is down today is due to broader market movements, with Wall Street experiencing a downturn following the release of the Federal Reserve's meeting minutes. The minutes revealed a division among central bank officials regarding the necessity of further interest rate hikes. While some expressed concern about inflation, others remained cautious about the economic outlook. Bank shares, including Bank of America, saw losses, while Target's strong second-quarter profit performance offset concerns about its annual forecast. Amidst inflation worries and uncertainty about future Fed actions, equities faced a challenging period in August.