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Four Factors Behind Wednesday's Tech Rout
2 monthes ago - By Fortune
A recent candidate once warned his audiences that if he became president, Americans would “win so much, you'll get tired of winning.” Donald Trump did indeed get elected, and his warning rang true on Wednesday, as major U.S. stock markets plunged in tandem-thanks in part to signs that a very healthy economy could be stoking inflation. Tech stocks, in particular, fell hard , as the Nasdaq fell 4.1% to approach “correction” territory.
The Dow Jones Industrial Average and the S&P 500 fell 3.2% and 3.3%, respectively. All three indexes were in decline all day, and each took roughly half their...
Read more ...Four Factors Behind Tuesday's Tech Rout
2 monthes ago - By Fortune
A recent candidate once warned his audiences that if he became president, Americans would “win so much, you'll get tired of winning.” Donald Trump did indeed get elected, and his warning rang true on Tuesday, as major U.S. stock markets plunged in tandem-thanks in part to signs that a very healthy economy could be stoking inflation. Tech stocks, in particular, fell hard , as the Nasdaq fell 4.1% to approach “correction” territory.
The Dow Jones Industrial Average and the S&P 500 fell 3.2% and 3.3%, respectively. All three indexes were in decline all day, and each took roughly half their...
Read more ...
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