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Stocks: What's Behind the Tech Selloff?
Posted
January 21, 2022
Views
46
Likes
1
Engagement
2.17%
January 21, 2022
46
1
2.17%
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17:19Now PlayingThe trouble in megacap tech is showing no signs of stopping, and earnings from some of the industry’s most-prominent names are adding to investor’s list of worries.
Marquee companies like Apple Inc. and Microsoft Corp., which are due to report their results next week, have come under additional pressure, with the Nasdaq 100 now on pace for its worst month since the 2008 financial crisis. A grim outlook from streaming giant Netflix Inc. was the latest excuse to sell the industry’s shares, with some analysts saying more pain could be ahead as the earnings season continues.
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