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Tech Stocks in for a Rough Thursday

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Tech stocks had never been higher. Then Facebook reported earnings. Thursday's going to be ugly.

Facebook's (FB) stock tumbled as much as 24% in after-hours trading Wednesday, after its chief financial officer warned that its sales growth would slow.

 

Concerned that the problems facing Facebook aren't unique, investors sold off the whole tech sector Wednesday evening. Twitter fell 6%. Amazon and Google were down 2%. Microsoft and Apple fell 1%.

 

Tech stocks have been on fire in 2018, lifting the broader market along with them. The Nasdaq hit another record high Wednesday, and it's up 15% this year.

 

Related: Facebook 'puts privacy first' and stock plunges 20%

 

Source - https://money.cnn.com/2018/07/25/technology/business/tech-stocks/index.html

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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