The Eight Words That Sank Tech Stocks
Markets had been nice and calm to start Thursday, but then Fed Vice Chair nominee said the central bank was ready to raise rates several times this year. That sent stocks into a tailspin and helped the Nasdaq lose 2%. Is that the nail in the coffin for the tech trade, or is there hope ahead?
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Markets had been nice and calm to start Thursday, but then Fed Vice Chair nominee said the central bank was ready to raise rates several times this year. That sent stocks into a tailspin and helped the Nasdaq lose 2%. Is that the nail in the coffin for the tech trade, or is there hope ahead?
2022-01-13
43 min
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