why is tech market down today

A lot of the market behavior in the tech sector can be traced back to fears of inflation. What happened.

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For the sake of comparison the SP 500 an index made up of 500 of.

. The Dow is down about 20 this year and is back in a bear market along with the other two major market indexes. All told 41 stocks in the SP 500 or more than 8 of the index dropped to a new 52-week low on. Therefore a tech stocks future cash flow is less valuable when rates rise and the stocks value drops.

The upcoming Federal Reserve meeting may lead to further damage for tech stocks for instance. GOOGL stock is down 8 as of Wednesday morning. And much of the pain is due to stocks especially tech titans falling to new lows.

The stock market rally had a bad week with a hawkish Fed and often-weak earnings weighing on the major indexes. Todays news has STX stock down 63 Nvidia NASDAQ. 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.

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Futures are wavering ahead of a busy day of economic data corporate earnings reports and a policy decision from the Bank of England. By Yasin Ebrahim. Why are tech stocks down today.

The second reason that inflation can be detrimental to tech stocks and. Jim paulsen chief investment strategist at the leuthold group said the following the cnbc. The stock market is taking a big downturn on Thursday and technology and growth stocks are some of the hardest hit.

Tech Mahindra down 6. The tech stock was down 75 as of 3 pm. This news has investors concerned about.

Snap SNAP missed revenue estimates for the third quarter. The bond market was closed Monday but yields on the. The Dow Jones which has led the.

Big Tech stocks are falling today alongside a new earnings report. 3 hours agoMarket Rally Analysis. With tech stocks down and more defensive stocks higher it appears a full rotation between asset.

Today investors may notice that the stock markets are diverging significantly. The tech-heavy Nasdaq Composite is down around 23 for the year so far after soaring 21 in 2021. Lets get into specific movements from major tech stocks today below.

Investors are worried about rising.

Us Inflation Data Hits Tech Stocks Lifts Benchmark Yields