why did tech stocks sell off today

Goldman believes the Fed interest rates are behind the tech stock sell-off. Tech stocks soared today as recent recession news has some investors hopeful for a softer monetary response.

Why Are Tech Stocks Down It S Not Just The Fed Barron S

Matterport MTTR which creates 3D software that can be used for real estate and the metaverse fell more than 10 to 841 with more than 10 million shares changing hands.

. Increasing interest rates arent good for growth stocks which many tech stocks are. The stock market sell-off intensified today with the SP Nasdaq and Dow Jones indexes trading lower. Todays decline is primarily driven by general market volatility.

Dow Jones Dives 500 Points As Boeing Apple Weigh Tech. The stock fought back hard after selling off as much as 13 during Tuesdays session. FTXs token plunges 80 on liquidity concerns wiping out over 2 billion in.

TSLA stock has been falling all day even as the company prepares for an important event. They sold off the likes of Alphabet Apple Amazon and MicrosoftSpooking investors. Uncertainty over the upcoming jobs report and concerns over rising interest rates.

You see Big Tech stocks expanded to historically super-stretched valuation levels on the idea that excessive market liquidity provided by the Fed will remain in place. Lets take a closer look at what triggered a selloff in these tech stocks and find out why they look more attractive to buy today. Nasdaq drops 26 in worst session since March as tech stocks sell.

Bitcoin briefly touches new low for the year FTX token falls more than 75 in broad crypto sell-off. Goldman believes the Fed interest rates are behind the tech stock sell-off. Here are the three biggest factors driving the tech stock sell off.

However Leaderboard stock and Google parent Alphabet was only 04 lower after paring earlier gains. Federal Reserve hinted that it might hike interest rates and reduce bond purchases in 2022. Stock market wrap up for January 27 2022.

Tech stocks led on the downside while. The Nasdaq plummeted Tuesday as investors dumped mega cap growth stocks and rotated into cyclical stocks. Stock market-listed technology companies the world over have seen their share prices plummet in the first few weeks of 2022 as concerns over rising inflation scare off.

Shopify stock falls 7 Shopifys stock price dived. The bulk of the sell-off has been a combination of pricing in slowing economic growth and rising interest rates. Big Tech has shed over 1 trillion in value over the last three trading sessions as many of the.

Due to the triple threat of rising inflation Fed rate hikes and reduction of the Feds bond buying program tech stocks have dropped in some cases a whopping 20 to 50 from. Rising inflation rate. With tech stocks down and more defensive stocks higher it appears a.

Were taking advantage of this sell-off. Thats why several of these companies such as Meta Platforms NASDAQ. Digital assets are still outperforming tech stocks said Jeff Dorman.

Shares currently remain below the 50-day line after falling below this level on Monday. Crypto crash and gold sell-off show theres no place for investors to hide By Paul R. The stock market sell-off intensified today with the SP Nasdaq and Dow Jones indexes trading lower.

Why Have Tech Stocks Been Hit So Hard Morningstar