It was one of the wildest days of the year for the U.S. stock market with technology shares as the battleground. Big Tech took a big hit to start the day on concerns about rising inflation and high valuations. The selling eventually spread to the rest of the market as the day went on.
Earlier in the volatile session, higher-priced technology shares led the market losses and the selling spilled over to everything from bank stocks to energy and industrials. Now many tech shares recouped most of the decline. Amazon and Netflix both rose more than 1%. The growth-oriented ARK Innovation ETF gained more than 2%.
Investors bought the dip in tech shares amid the sharp sell-off this week. The group had briefly fallen out of favor earlier this year as fears of inflation and higher interest rates crept up. Growth-oriented companies, which were the biggest pandemic winners, tend to get hit hard by rising rates as they erode the value of their future earnings.that unnerved investors.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What to watch today: Wall Street set for a lower open as tech stocks remain under pressureEquity futures pointed to losses on Wall Street at Tuesday's opening bell, a day after losses in major U.S. tech stocks weighed on the market. Buy the dip ( own view ) The biggest advantage $BTC has over $ETH is that you don't have to trust Ethereum people. Learn more about $doge currency’s Bitcoin really does feel more decentralized, easier and safer to recommend in that sense. If I was a nation state I'd pick BTC to hoard. DM to know more. thank you very much for your work
Source: CNBC - 🏆 12. / 72 Read more »
Novavax, Tesla, Match, Palantir: What to Watch When the Stock Market Opens TodayTech stocks keep slipping and Novavax is tumbling after it delayed seeking clearance for its vaccine.
Source: WSJ - 🏆 98. / 63 Read more »
Dow falls over 300 points early Tuesday as tech stocks get slammed amid renewed inflation fearsU.S. stock benchmarks opened solidly lower Tuesday, with inflation worries seen keeping pressure on previously highflying tech stocks. The Dow Jones... In light of the speculative euphoria investors have enjoyed since the start of the year, a selloff isn't a surprising event. lawsuits are a joke shorts are over-leveraged if we move the spread they blow up who wants poultry let's devour these vultures $SQBG target 🎯500
Source: MarketWatch - 🏆 3. / 97 Read more »
Tech sell-off drags stocks lower, pulling market below highsA sell-off in technology companies dragged stocks lower on Wall Street Monday, pulling the major indexes back from their recent all-time highs. Yeah, it's called laundering. Bloomberg Well, unlike the era of social media/big data. The emerging industries of space can even been done in Brownsville Texas, Space X or Huntsville Alabama. The era of the big blue states dominated tech is over.
Source: latimes - 🏆 11. / 82 Read more »
JPMorgan says China tech stocks are in a 'good buying spot' despite regulatory crackdownHoward Wang, head of Greater China equities at JPMorgan Asset Management, said Chinese tech companies have the potential to grow over the long term. thanks Short signal. 🤣
Source: CNBC - 🏆 12. / 72 Read more »