Update: Tech stocks have given up all gains since this post went up, with both the Nasdaq and the basket of software stocks we track in the red. From a slightly later perspective, concern about near full-employment and resulting rising interest rates appears to have won the in-market sentiment battle. The relationship between economic news […]
Tech stocks are getting hammered (again)
I have a run of internal meetings starting in 15 minutes, so we have to be quick, but tech stocks are taking body blows yet again today. A selloff earlier in the week had us taking note. Today cements our raised eyebrows. And when we say tech shares are under attack, we are not only […]
Tech stocks drop as Q4 begins; software shares, Facebook plunge 5%
What’s the opposite of stonks? Shares of technology companies are sharply lower in the United States today, with the tech-heavy Nasdaq Composite falling 2.4% in early-afternoon trading. Inside of the larger tech industry, things are even worse. The WisdomTree Cloud Computing Fund, essentially a way to trade the Bessemer Cloud Index as an aggregate, is […]