Tech Stock Selloff Sends the Nasdaq Plummeting 2.7% in Biggest Drop Since 2022
Wednesday, 17 July 2024, 20:18
Key Highlights:
In a sharp downturn, tech stocks plummeted by 2.7% on the Nasdaq, signaling the index's worst performance since 2022.
Factors at Play:
- Investor Worries: Concerns over increasing interest rates and inflation have led to significant sell-offs in the tech sector.
- Market Sensitivity: The drastic drop in tech stocks highlights the market's vulnerability to macroeconomic fluctuations.
Looking Ahead:
Amidst the ongoing volatility, investors are closely observing the tech market's response to economic uncertainties.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.