why did tech stocks sell off today

Investors pulled back on stocks tuesday as a sell off that began in tech companies broadened to other sectors sending the major us indices down. After a Monday rally that pushed stocks near record highs the market is falling Tuesday as investors sell off the buzzy technology stocks that led a massive pandemic.


Tech Sell Off Resumes Nasdaq Down More Than 8 In 3 Days Panorama Hispano News

The ongoing tech sector selloff also took Lightspeed stock 53 lower today to about 4579 per share.

. Frenetic trading activity spurred the first of two halts in Twitters stock Tuesday. The biggest single reason why tech stocks are declining right now is because investors are sector rotating into value stocks. 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.

Shares of the social-media platform were changing hands around 4291 midday. Investors pulled back on stocks Tuesday as a sell-off that began in tech companies broadened to other sectors sending the major US indices down. Cloudflare fell more than 9 while Unity Software sank 12.

Shares of Boeing are building out the right. The sell-off was particularly painful in high-growth tech stocks. On the positive side the company.

The Nasdaq Composite edged just 01 percent lower as investors sell off tech stocks. Nvidia is facing its own pressure today with shares falling nearly 8 after the company found itself the latest target of notorious short-seller Citron Research. AP Stock market-listed technology companies the world over have seen their share prices.

Wall Street was also keeping an eye on Federal Reserve. Stocks gave up earlier gains in Wednesdays afternoon session as investors sold off tech stocks in favor of those in the energy sector. We suspect this flight-to-quality will persist.

They sold off the likes of alphabet apple. Amazon is among the big tech stocks losing ground so far this year. Nasdaq drops 26 in worst session since March as tech stocks.

The Nasdaq plummeted Tuesday as investors dumped mega cap growth stocks and rotated into cyclical stocks. Join the flight-to-quality. The Dow Jones sold off on Thursday as Boeing BA and Intel INTC led the downside with respective losses of 56 and 44.

Lightspeed stock dived 53. Sector rotation is a strategy where you move. The recent trading action can be characterized as a flight to low-risk high-quality assets.

Analysts say dealers have rushed to boost their bets on falling shares in recent days in.


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