QUOTE BOX Hot jobs report, rising rates send Wall Street's tech favorites sprawling - Reuters
QUOTE BOX Hot jobs report, rising rates send Wall Street's tech favorites sprawling Reuters
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"It's partly rates but it could also be partly an excuse to sideline some funds for upcoming IPOs. Tech has been on a tear and is still up high teens over the past three months. A bit of pause is warranted!"
— Carol Schleif , Executive
"There's two forces at work. We got a much stronger than expected non-farms payrolls report, twice what consensus was. It's pushed back little on the idea of rate cuts. it could add some inflationary pressures to the economy. Treasury yields are higher."
— Anthony Saglimbene , Executive
"After the record run we've seen the last nine weeks in equities, specifically tech and semiconductors, the dam just broke today."
— Ryan Detrick , Executive
"What you saw today was a continuation of what started yesterday with Broadcom. The quarter was great, but the guidance wasn't what people expected."
— Peter Tuz , Executive
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<a href="https://news.google.com/rss/articles/CBMitwFBVV95cUxNalN3aUwwVXNDcEJJc0pGbFZuTXRBd19iamxIZnNNLVN5V3V6dklvYXNkU2doSEw1dWdrbUtyYmJYTkRDMkVaTUF6MGVaMk8yVVB6dURBZnM2dXFPRHVoaUNlVjdtZnFFanMyczRTbWptdDRaR01PXzI5V2lFRWs3ZlkyYm8xSGpTSnYzdzByZURTTGdDc040c3VXWVpjTWI4M0FVeXNaMnpCOEdlNm9vcFkyZGJNekE?oc=5" target="_blank">QUOTE BOX Hot jobs report, rising rates send Wall Street's tech favorites sprawling</a> <font color="#6f6f6f">Reuters</font>
A strong May jobs report and rising interest rates led to a significant sell-off in technology stocks, with the Nasdaq composite dropping 4.2% and the S&P 500 declining 2.65%.
Investors fled from technology shares, government bonds, and gold following a strong May jobs report, raising concerns about potential interest rate hikes by the Federal Reserve.
A strong May jobs report and rising interest rates led to a significant sell-off in technology stocks, with the Nasdaq composite dropping 4.2% and the S&P 500 declining 2.65%.
A strong May jobs report and rising interest rates led to a significant sell-off in technology stocks, with the Nasdaq composite dropping 4.2% and the S&P 500 declining 2.65%.
A strong May jobs report and rising interest rates led to a significant sell-off in technology stocks, with the Nasdaq composite dropping 4.2% and the S&P 500 declining 2.65%.
A strong May jobs report and rising interest rates led to a significant sell-off in technology stocks, with the Nasdaq composite dropping 4.2% and the S&P 500 declining 2.65%.
A strong May jobs report led to a significant sell-off in technology stocks, with the Nasdaq composite dropping 4.2% and the S&P 500 declining 2.65%. Investors are concerned that rising interest rates may impact the tech sector's growth.
Following a strong May jobs report, Wall Street experienced a sell-off in technology stocks, with the Nasdaq composite dropping 4.2% and the S&P 500 declining 2.65%. Investors are concerned about potential interest rate hikes affecting the tech sector.
A strong May jobs report led to a significant sell-off in technology stocks, with the Nasdaq composite dropping 4.2% and the S&P 500 declining 2.65%. Investors are concerned that rising interest rates may impact the tech sector's growth.
An in-depth look at how the strong May jobs report and rising interest rates have impacted Wall Street's technology sector, leading to significant declines in major tech stocks.
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