If Not Rates, What’s the Culprit in the Tech Sell-Off?
The Nasdaq plunged 2.7% Wednesday, with Apple, Amazon, Microsoft and Alphabet losing a combined $175 billion in market cap. But rates, while up on the day, were below levels hit last week. So what’s to blame for the plunge in big tech. Plus the parent company of Rocket Mortage seeing shares come back down to Earth today. We take a look at some of the other names that could get caught up in the Reddit Rebellion.
March 3, 2021
43 min
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824 of 2,139
March 3, 2021
If Not Rates, What’s the Culprit in the Tech Sell-Off?
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CNBC Television Episodes Around March 3, 2021
Episode 824 of 2,139 — walk the feed in the order it was published.
If Not Rates, What’s the Culprit in the Tech Sell-Off?
Summary
The Nasdaq plunged 2.7% Wednesday, with Apple, Amazon, Microsoft and Alphabet losing a combined $175 billion in market cap. But rates, while up on the day, were below levels hit last week. So what’s to blame for the plunge in big tech. Plus the parent company of Rocket Mortage seeing shares come back down to Earth today. We take a look at some of the other names that could get caught up in the Reddit Rebellion. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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