Tech stocks have gotten short-circuited so far this week, crushed under the weight of the lofty expectations built into them by profit-hungry investors. The Nasdaq Composite fell close to 1% in early trading on Tuesday, extending its five-day loss to 2.1%. But underneath the hood of the Nasdaq tells the broader story of a market losing a bit of risk appetite. Tesla shares dropped by as much as 5% in today’s session, and was the top trending ticker on Yahoo Finance around noon ET. Virgin… Source link
Read More »Tech stocks get pounded — here are a few simple reasons why
