Tech Stocks Close Lower as Omicron Concerns Weigh On Markets

  • 📰 WSJ
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Tech shares led a selloff in the stock market, capping a volatile week of trading. The Nasdaq lost nearly 2%.

Markets ended a tumultuous week on an ominous note, with a broad technology-sector selloff sending the major U.S. stock indexes sharply lower and Treasury yields logging declines not seen since some of the worst days of the pandemic last year.

After a relatively placid stretch across financial markets, investors were confronted with several fresh worries over the past week. Many investors are expecting the Federal Reserve to raise interest rates next year after a prolonged period of keeping interest rates near zero, policies that have helped send major indexes to record after record over the past year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Stagflation inc

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:

 /  🏆 98. in BUSİNESS

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.

Wall St falls in choppy trading as tech stocks slideU.S. stocks lost ground in morning trade on Friday, with technology stocks dragging the main indexes lower, as fears around inflation and the Omicron variant fueled volatile trading.
Source: Reuters - 🏆 2. / 97 Read more »

Grab's $40 bln Nasdaq debut to set tone for Southeast Asian tech listingsGrab, Southeast Asia's biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings.
Source: Reuters - 🏆 2. / 97 Read more »

European stocks drop as Omicron fears keep markets on edgeEuropean stock indexes opened lower on Thursday, reversing gains from the previous session as a lack of information about the Omicron variant of COVID-19 left markets volatile, and as investors also bet on faster Fed tapering.
Source: Reuters - 🏆 2. / 97 Read more »

Stocks making the biggest moves midday: Kroger, Boeing, Dollar General and moreThese are the stocks posting the largest moves in midday trading. Here’s my situation with Kroger…ordered $12,500 in gift cards so my nonprofit can give them to families in need. Money was wired 18 days ago and they couldn’t find it until yesterday. Haven’t gotten an email saying they’ve been shipped and was laughed at by customer service.
Source: CNBC - 🏆 12. / 72 Read more »