Tech Stock Sell Off Today
Tech stock valuations are extreme and offer no margin of safety. Don’t buy the dip, sell the bounces, strategist says published:
Here were the main moves in markets as of 4:02 p.m.
Tech stock sell off today. The biggest reason square stock is off today is because growth and tech stocks are taking it on the chin. Microsoft shares are off 1.7% and tesla stock is down almost 5%. Tech stocks are selling off.
The dow jones industrial average rallied more than 200 points thursday, while tech stocks sold off as treasury yields spiked. Apple and tesla stock tumbled in. The american stock market is struggling today, with tech stocks in particular taking extra stick.
“i think today for tech. Shares of amc and gamestop corp. Their fundamentals will suffer when a vaccine deployed.
Among the dow jones leaders, apple sold off nearly 4% tuesday, while microsoft dropped 2% in today's stock market. By garrett baldwin, behavioral trading specialist, money morning. Goldman sachs is trading just off a new buy point.
The nasdaq 100, the largest 100 nonfinancial stocks in the nasdaq, is 10% off the historic high it hit just three weeks ago, but many big names are down close to. Technology stocks led a selloff on tuesday, with megacaps falling and dragging down the wider market as cyclical sectors like industrials and financials went in. Futures on the nasdaq composite , home to many of those tech titans, are down about 1.5% after the index fell 2.5% monday.
March 8, 2021 at 9:00 a.m. Technology stocks stabilised on tuesday despite sharp declines more broadly across wall street, as investors weighed whether resurgent inflation could prompt central bankers to rethink current. Pachter raised his target for the stock to $5.00 from $2.50, but that target was 38% below friday's closing price of $8.05.
Nasdaq drops 2.6% in worst session since march as tech stocks sell off. More good news on the vaccine is expected in the near term. Tech stocks are in a correction.
The dow jones industrial average tumbled about 450.
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