The Stock Market Is So Volatile That One European Tech Firm Has Cancelled Its IPO

, ranking among the worst debuts ever in the London market, both firms achieved multibillion-dollar valuations.

Investors have soured on tech stocks recently amid jitters over the path for central banks' monetary policies. The Federal Reserve and Bank of England have both signaled they plan to tighten policy in response to sky-high inflation. That's led to a rout in major tech shares, with theIt could be a sign of things to come for Europe's tech sector, which attracted a record $121 billion in venture capital funding last year, according to data from Atomico.

The region now has more billion-dollar unicorn start-ups than ever and is home to some of the world's most valuable private tech companies, such as Klarna, Checkout.com and Revolut. But some investors worry the boom times could come to a halt as central banks start to hike interest rates, tightening liquidity.at its upcoming March meeting. Europe's tech sector sank about 1.6% in Thursday's trading session as investors reacted to the news.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Blues, a Crypto Crash, and Mark Cuban's PharmacyListen to this episode from Pivot on Spotify. Can things get any worse for Peloton? Kara and Scott discuss the D.C. tech lobby, Twitter's push into NFTs, and the troubled stock market. Plus, Mark Cuban's new online pharmacy, and a listener question about whether your local grocery store should play by Amazon's rules. Send us your Listener Mail questions, via Yappa, at nymag.com/pivot. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Source: NYMag - 🏆 111. / 63 Read more »

The Data Point: What’s a stock market correction?The stock market has been bumpy in January, causing Google searches to spike for the term “market correction.” So what is a market correction, and is it the same as a market crash? Why are you not mentioning the current correction in the NASDAQ.?
Source: NBCNews - 🏆 10. / 86 Read more »

5 Things to Know Before the Stock Market Opens ThursdayDow futures flipped positive and negative Thursday after falling more than 500 points overnight as the market’s recent volatility persisted.
Source: NBCDFW - 🏆 288. / 63 Read more »

5 Things to Know Before the Stock Market Opens WednesdayDow futures jumped Wednesday as Wall Street waits to hear from the Fed in the afternoon at the end of its two-day January meeting.
Source: nbcchicago - 🏆 545. / 51 Read more »