why did tech stocks sell off today
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But since markets opened today the momentum spurred by Snaps bad news has pushed other Big Tech stocks down. Japans SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday analysts said after investors sold off the high-growth stocks favoured by the fund. Holding 63 stocks this ETF invests in many relatively small companies in the cybersecurity industry.
FB is down more than 9 for the day while Pinterest. There are several factors impacting the stock market right now including the Omicron variant of COVID-19 slowing economic growth and recent disappointing earnings results. Tech stocks fell the most pulling the Nasdaq down 5.
The SP 500 on Thursday experienced its biggest loss in almost two years. The Invesco QQQ ETF can. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
But the most important factor impacting stocks is the notion that the Federal Reserve is going to raise interest rates and remove liquidity from the market says. The Feds aggressive shift to raise interest rates has investors worrying about whether it can pull off the delicate dance to slow the economy enough to halt high. Etsy is more than the Etsy marketplace -- it has been buying other marketplaces too.
Amazon has been investing in its capacity and has many promising initiatives underway.
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