why did tech stocks sell off today
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. Investors are worried about rising interest rates a. Print Article Stocks gave up earlier gains in Wednesdays afternoon session as investors sold off tech stocks in favor of those in the energy sector. Ad Our Strong Buys Double the SP.
DOW and Honeywell HON led with gains of over 2 each. The Dow Jones Industrial Average traded lower in todays stock market as the major indexes sold off wiping out all the gains from the previous trading day. The stock market is taking a big downturn on Thursday and technology and growth stocks are some of the hardest hit.
Another fundamentally strong tech stock that has suffered the most during the ongoing tech meltdown is Nuvei stock. Based On Fundamental Analysis. DigitalOcean has captured a fraction of its opportunity so far but its rapidly expanding and investors might want to consider an entry while its stock trades at a whopping.
Get the New Report Free. All Straight from Industry Pros. Goldman believes the Fed interest rates are behind the tech stock sell-off.
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This tech stock dived by more than 5 today to 7757. Sector rotation is a strategy where you move. On the downside shares of tech giants Apple.
These changes are now being absorbed by the. Tech stocks are down across the board today on a tumultuous day for the markets. It seems recent macroeconomic fears plus an ominous premonition from Elon Musk.
Matterport NASDAQ. Ad Power Your Trading with thinkorswim. Demand for Semiconductors Is High but Supply Is Low.
Stocks gave up earlier gains in Wednesdays afternoon session as investors sold off tech stocks in. Investor concerns over rising inflation costs have hit high-growth tech stocks in recent weeks. Economies began to open up and banks became more worried about inflation worried that what were seeing is not transitory.
Wall Street was also keeping an eye on. The biggest single reason why tech stocks are declining right now is because investors are sector rotating into value stocks. MTTR shares fell sharply on Wednesday as investors expressed concerns over the continued Russian invasion of Ukraine.
Ad Severe Semiconductor Shortage Could Send This Stock to the Moon. The Nasdaq is down nearly 5 percent since the start of the month. Nasdaq drops in tech sell-off.
Three Cutting-Edge Platforms Built For Traders. Thats why in our flagship investment research product Innovation Investor we are buying a handful of new tech stocks today. Take a look at a chart of Bitcoin today.
The tech stock rose sharply after a strong earnings report early in the month before giving back some of those gains in the market sell-off.
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