Tech stocks sliding further than broader market
They are victims of their own success, fears about the global economy and a slowdown in business spending
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
San Francisco
AS the US economy muddled along over the last few years, investors paid handsome sums to get in on high-flying technology companies that were among the few pockets of steady growth. Now comes the payback.
As the stock market continues its 2016 slide, technology stocks are falling even further, victims of their own success as well as fears about the global economy and a slowdown in business spending.
Share with us your feedback on BT's products and services
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
