Dow down 300, tech leads losses, Snowflake drops


A steep sell-off in major technology shares dragged the Nasdaq Composite back into correction territory. Meanwhile, investors remained on edge about the outlook of further coronavirus stimulus as well as the timing of a viable vaccine. Snowflake — the biggest software IPO ever — fell sharply after its shares more than doubled in the market debut Wednesday. Here’s what’s happening: 



Source link

Discover

Sponsor

spot_imgspot_img

Latest

Electric vehicle market and stocks

India's push toward electric vehicles is creating opportunities for companies in ancillary spaces such as battery manufacturing, according to an analyst at diversified...

47 workers test positive for Covid in Uganda despite Chinese vaccine

submitted by /u/lurker_bee Source link

Google execs tell workers to stay focused amid DOJ’s antitrust lawsuit

Google CEO Sundar Pichai testifies during a House Judiciary Committee hearing on Capitol Hill in Washington, DC, December 11, 2018.Saul Loeb | AFP...

Apple has quietly dropped 22% from its peak, giving up $500 billion in market cap

Well, that was fast.It took just 12 trading sessions for Apple to plunge more than 20% from its all-time high, shedding over half...