why is tech market down today
So why are tech stocks down today because of this. 1 day agoMany names big and small in the tech sector in particular have been struggling.
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The Dow dropped 1120 points or 33 the SP 500 fell 37.
. Equity futures retreated and stocks looked set for a choppy start Monday amid worries about high. Of course the macro story with this market is hard to ignore right now. Today all major indices are once again in the red with most sectors experiencing significant declines.
The Nasdaq Composite tumbled 52 marking its worst day since 2020. The cryptocurrency market shuddered Wednesday after the stablecoin UST plummeted to an all-time low of 30 cents. 3 hours agoThis has effectively caused a cascade of selling and has led to outright panic in some circles.
Nervousness on the new coronavirus variant and expectations of the US increasing the pace of tapering has led to. When interest rates were. The views and opinions expressed herein are the views and opinions of the.
One of the key drivers of todays price action among tech stocks is bond yields. Long bond yields have continued higher in response to inflation concerns. The market in general is down today and tech stocks in particular are getting hit as interest rates tick up again on concerns about inflation higher interest rates decrease the.
The stock market has certainly taken a turn for the worse. A lot of the market behavior in the tech sector can be traced back to fears of inflation. 8 hours ago42 seconds ago.
Instead it appears that those traders are. Ive been in the markets for 25. This weeks rather impressive inflation numbers have sowed.
And yes that means the tech wreck is back. The 10-year Treasury yield is up again. Nonetheless software became a critical factor for the economy to operate smoothly during the pandemic.
Tech and fintech stocks struggled along with the broader market today. With some tech companies freezing hiring or laying off. A 1688-point crash in Sensex wipes off Rs 736 lakh cr from market.
Why Are Tech Stocks Down Today. Tech Stocks Are Getting Crushed Again Because Yields Wont Stop Rising. UST or TerraUSD was off about 9.
2 days agoInterest Rates Rise The Feds zero interest rate policy drove much of the tech sectors growth and its rollback is causing much of the disruption. Futures Fall Asia Stocks Set for Choppy Open. Why Are Tech Stocks Sinking Today.
It looks like investors are switching away from growth-oriented stocks. Tech stocks have been the biggest losers in the market slump over the last four months and the trend is not looking likely to reverse itself anytime soon. The market believes the Fed.
Now that certain indications suggest the economy is getting. The post Market Update. 2 days agoFor tech stocks that would be a further 25 percent drop.
The Fed is also planning to start running down its 9 trillion balance sheet. Why are tech stocks down today. Bitcoin which many proponents have long argued is a form of digital gold that could serve as a.
And even the most useful crypto assets are down big Wednesday. For crypto it could be a plunge of more than 60 percent. Ad Get All the Latest Information About Stock Market and Finance.
This is a valid concern but the economic stimulus isnt avoidableparticularly given. Appeared first on InvestorPlace.
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