why is tech market down today

Jim Paulsen chief investment strategist at The Leuthold Group said the following the CNBC about why tech stocks are down today. The stock market is taking a big downturn on Thursday and technology and growth stocks are some of the hardest hit.

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Nervousness on the new coronavirus variant and expectations of the US increasing the pace of tapering has led to recent market weakness said analysts.

. US markets plunged on Tuesday. The Dow fell 810 points or 24 as an April sell-off spurred by fears of an economic slowdown continued following Mondays short-lived recovery. Is off approximately 20 while the.

With bond yields on the rise tech-forward indexes are bearing the brunt. Ad Tune in to TDA Network During Periods of Volatility for Real-Time Market Insights. Tech Stocks Are Getting Crushed Again Because Yields Wont Stop Rising.

Long bond yields have continued higher in response to inflation concerns. For one the Fed introduced a low-interest environment to stimulate economic growth. Why Are Tech Stocks Sinking Today.

One of the key drivers of todays price action among tech stocks is bond yields. The 10-year Treasury yield is up again. The SPASX All Technology Index ASX.

Indian shares fell on Wednesday after a four-session rally weighed down by losses across sectors as worries about high oil prices and inflation returned to the forefront. A slew of mega-cap tech firms are pushing the market down Tuesday with Tesla Apple and Facebook down close to 15 apiece after a sudden slump in pre-market trading around 730 am. Rising interest rates and the resulting higher bond yields hurt tech stocks for a few reasons.

1 day agoSensex Today Live. This weeks rather impressive inflation numbers have. Why Are Tech Stocks Down Today.

As the Federal Reserve turns more hawkish and expectations for. Of course the macro story with this market is hard to ignore right now. One of them was Amazon AMZN 142 which closed the day 14 higher against an essentially flat.

As a result shares of tech companies ballooned as future earnings potential skyrocketing. XTX is down 12 while the. Why Is The Stock Market Down Today.

All Straight from Industry Pros. Ad Connect With Edward Jones And Learn More About The Current Market Fluctuations. Micron Technology stock was sliding Monday after the memory chip provider got its second downgrade in less than two weeks despite being one of the cheapest stocks in the market.

23 2021 Published 1147 am. Learn market correction investment strategies ways to help position your portfolio. Additionally since the pandemic they are even more critical to society.

Your Long-Term Investment Goals Are Our Priority. Dampening sentiment further across Asian equities was overnight data that showed the US. Consumer confidence index dropped to its lowest since February 2021Highlights from.

Technology stocks came under renewed pressure on Wednesday while the Dow set a fresh record high with investors turning away. Investors are worried about rising interest rates a slowing economy and the. Ad Understand what a market correction is and how its different from bear markets.

7 hours agoIts too soon to tell but numerous big names in the industry rose from the ground on Wednesday. A 1688-point crash in Sensex wipes off Rs 736 lakh cr from market. India VIX a measure that shows fear in the market spiked 25 per cent to nearly 21-level.

So why are tech stocks down if they are more important than ever. And yes that means. 1 day agoMultiple ASX tech shares are having a horror day on the market today.

Technology stocks are partially to blame right now for the markets overall tumble. The losses were. The key one is that many technology companies are currently unprofitable or.

2 days agoA rout in big tech weighed heavily on stocks with gains in the broader market sputtering as a report showed Americans grew more downbeat about prospects for the economy.

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