why is tech market down today

Saturday, October 29, 2022 Edit

For the sake of comparison the SP 500 an index made up of 500 of. 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 Digital Turbine Stock Dropped Today Nasdaq

Why are tech stocks down today.

. The tech-heavy Nasdaq Composite is down around 23 for the year so far after soaring 21 in 2021. The company reported earnings per share of 106 on revenue of. Chip stocks are suffering on Wednesday as several factors across the market drag shares down.

Given these points here are some of the. What happened. GOOGL GOOG starts off the bad news for tech stocks today with its earnings report.

When the Federal Reserve raises rates to combat. The bond market was closed Monday but yields on the. Investors are worried about rising.

Market closes on Monday. This latest raft of Big Tech earnings could help answer a key question around valuation. The stock market is taking a big downturn on Thursday and technology and growth stocks are some of the hardest hit.

A lot of the market behavior in the tech sector can be traced back to fears of inflation. Why Are Tech Stocks Sinking Today. GOOGL stock is down slightly.

The Dow is down about 20 this year and is back in a bear market along with the other two major market indexes. Jim paulsen chief investment strategist at the leuthold group said the following the cnbc. Tech Mahindra down 6.

To clinch its best October ever it only needs to hang on to a month-to-date gain of 1065 by the time the US. Big names in Big Tech closed Friday out in the red capping off a rough week for the market. The second reason that inflation can be detrimental to tech stocks and the market in general is the risk of a recession.

Investors seeking out more recent stock. Of course the macro story with this market is. 2 days agoShares of dental company Align Technology ALGN -1834 got hammered on Thursday after reporting financial results for the third quarter of 2022.

1 day agoEarnings will help answer some lingering questions. The Dow is still in a bear market but is. Now that certain indications suggest the economy is getting back on track investors look for better places to park their money.

META stock is falling more than 2. Key factors dragging Nifty lower After todays market crash investors became poorer by around Rs 7 lakh crore as the market. TWTR stock is sliding more than 4.

Market crash leaves investors poorer by Rs 7 lakh crore. Align stock was down. The first bit of news that investors will want to know about is Seagate.

SNAP stock is down 29.

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