Financial markets dive as tech stocks slump and recession fears mount

High-tech companies have been leading the market lower all month as traders shun the high-flying sector. Tech had posted gigantic gains during the pandemic and now is starting to look overpriced, particularly with interest rates set to rise sharply as the Fed steps up its fight against inflation. Investors spent much of April shifting money away from Big Tech companies, whose stock values benefit from low interest rates, to areas considered less risky.

"This has become a classic trader's market as spikes in volatility and increasingly bearish headlines reverberate," Quincy Krosby, chief equity strategist for LPL Financial, said in a note Friday.

Joe Biden building America back better my ass!

Let’s go Brandon!!!💯👍🏽🇺🇸

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Tech stocks sink; Nasdaq has worst month since 2008Another sharp sell-off led by tech added to Wall Street losses in April, leaving the S&P 500 with its biggest monthly skid since the pandemic's start.
Fuente: TucsonStar - 🏆 339. / 59 Leer más »

Tech stocks sink again, Nasdaq has worst month since 2008The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology added to Wall Street's losses in April, leaving the S&P 500's with its biggest monthly skid since the start of the pandemic.
Fuente: AP - 🏆 728. / 51 Leer más »

Tech stocks sink again, Nasdaq has worst month since 2008More steep losses for technology stocks pushed the S&P 500 down 3.6% on Wall Street Friday
Fuente: WOKVNews - 🏆 247. / 63 Leer más »