Technology stocks and indexes are suffering the biggest market crash since the dot-com bubble as the selloff intensifies in the global financial markets. During the 11-year bull market, which began in March 2009 and ended at the start of the pandemic-induced selloff in 2020, technology securities led the way. In an era of historically low…
Investors Concerned Tech Stocks Poised to Repeat Dot-Com Crash
Technology stocks and indexes are experiencing the biggest market tumbles since the dot-com bubble as a pullback intensifies in global financial markets. During the 11-year bull market, which began in March 2009 and ended at the start of the pandemic-induced selloff in 2020, technology securities led the way. In an era of historically low interest…
Lyft Pauses Hiring, Budgets to Beat Slowdown Following Uber’s Footsteps
Lyft, Inc. looks to slow hiring, reducing some of its departments’ budgets and granting new stock options to some employees to make up for its share price fall, the Wall Street Journal reports. Lyft joined rival Uber Technologies, Inc. in outlining cuts as investor optimism cooled on tech stocks. Lyft looked to prioritize fewer initiatives, not filling many of the current…
Tech Stocks Slump Again; Nasdaq Has Worst Loss Since 2020
NEW YORK —More sharp declines in Big Tech stocks sent the Nasdaq composite down 4 percent Tuesday, the worst drop for the tech-heavy index since September 2020. The Nasdaq is now down 20 percent so far this year as investors shun the ultra-pricey tech sector, which had made gangbuster gains for much of the pandemic….
What’s Wrong with Tech Stocks?
Commentary Many investors are noticing that technology stocks are going down much more than the general market recently, and we’ve been getting a number of questions regarding the reason. This has to do with the expected increase in interest rates, which has been a frequent topic of this column. This phenomenon is well-known to market…
Tech Stocks Face Declines After Central Bank Interest Rate Hike Worries
January 19, 2022
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Big tech stocks faced a sea of red on Jan. 18, after rising high during the pandemic, as investors pull back after reports of interest rate hikes this year from central banks. The downturn is being blamed on surging bond yields as investors prepare for the curtailment of Federal Reserve stimulus. High growth firms saw…
Stifel’s List of Top Tech Supply Chain Picks for 2022
Stifel analyst Matthew Sheerin said demand signals in the technology supply chain “remain quite strong for 2022.” However, Sheerin expects ongoing supply shortages to persist through the first half. Meanwhile, he sees this setting the stage for a solid second half in the space. In terms of his top picks for 2022 in the space, Sheerin…
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