why is tech market down today
Tech investors may already be questioning their hopes for 2022. Crypto prices keep falling and it seems like theres no bottom in sight here are three reasons why the cryptocurrency market is down.
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The stock market is taking a big downturn on Thursday and technology and growth stocks are some of the hardest hit.
. Now that certain indications suggest the economy is getting back on track investors look for better places to park their money. Investors seeking out more recent stock. AMZN and Microsoft NASDAQ.
This explains why names like Alphabet NASDAQ. TWTR stock is sliding more than 4. Given these points here are some of the.
As of midday Friday the three leading equity indexes are all down more than 15 following more losses overnight in Asia and Europe. SNAP stock is down 29. What happened.
Investors are worried about rising. So why are tech stocks down today because of this. While the companys earnings per share of 8 cents.
For the sake of comparison the SP 500 an index made up of 500 of. Why Are Big Tech Stocks Down Today. Search company Baidu was 12 lower while food delivery firm Meituan tanked more than 14.
Read why tech stocks are down here. Big names in Big Tech closed Friday out in the red capping off a rough week for the market. The problems from Snap are found in its earnings report for the third quarter of 2022.
Of course the macro story with this market is. 6 hours agoChinese stocks were tumbling this morning after Chinas President Xi Jinping broke precedent over the weekend and secured a third term as the countrys leader. 2022 has been particularly unkind to the tech sector.
Instead it appears that those traders are. META stock is falling more than 2. GOOGL stock is down slightly.
Jim paulsen chief investment strategist at the leuthold group said the following the cnbc. MSFT are all down today. 10 hours agoShares of Chinese tech giants Alibaba and Tencent closed down more than 11.
The SP 500 and the Nasdaq Composite. The market in general is down today and tech stocks in particular are getting hit as interest rates tick up again on concerns about inflation higher interest rates decrease the. Why Are Tech Stocks Sinking Today.
It looks like investors are switching away from growth-oriented stocks. The tech-heavy Nasdaq Composite is down around 23 for the year so far after soaring 21 in 2021. The Nasdaq fell into a bear market and more turmoil may be coming.
The bitcoin price has experienced a massive drop in the last 24 hours with the biggest coin Bitcoin down nearly. GOOGL Amazon NASDAQ. The crypto market may be affected by a global economic crisis.
And since rate hikes began in March.
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