Why Krispy Kreme Stock Is Plummeting Today

Krispy Kreme and other newly minted meme stocks are fading as investors await some major macroeconomic news.Krispy Kreme (DNUT -8.88%) stock is sinking in Tuesday's trading. The company's share price was down 8.8% as of 2 p.m. ET, and the S&P 500 (^GSPC -0.20%) and the Nasdaq Composite (^IXIC -0.14%) were down 0.3% and 0.2%, respectively, at the same point in the session. Krispy Kreme stock had been down as much as 10% earlier today.There isn't any business-specific news driving Krispy Kreme's valuation low ...