why are tech stocks down today reddit

GOOGL shares are falling 17 as of this writing. The strength of major US.

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Why Are Tech Stocks Down Today.

. Since the start of May tech stocks including many so called Reddit stocks have trended lower. GOOGL is continuing a week-long downturn with losses of nearly 25 so far today. Two of their bigger funds the ark innovation etf and the ark internet etf both of which are very focused on high growth tech stocks are down.

META stock is down 22 today. By midday Tuesday Amazons shares were trading more than 40 below the companys 52-week high of 377308 a level previously unseen since February 2020. Equity indexes during August and.

Related to this has been worries the. Heres a quick breakdown of how these tech stocks are performing as of Thursday morning. Digital media company bilibilis app.

Reddit became an unlikely stock trading hub in 2021. In trading Thursday gold. Why are tech stocks down today reddit.

Sector rotation into financials as the Fed signaled a rat hike for December and more deregulation. The tech-heavy Nasdaq Composite. Two of their bigger funds the ARK Innovation ETF and the ARK Internet ETF both of which are very focused on high growth.

The most notable factor driving tech stocks lower today was a rather dismal inflation print. Why are tech stocks. Namely fears of rising inflation.

The most recent consumer price index CPI. The banks global investment committee expects a stock-market pullback of 10 to 15 before the end of the year she wrote. Tech was already near monthly resistance and the ECB said this morning that the US markets.

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