Tech stocks (and the stock market) are tanking thanks to rising interest rates
TechCrunch Industry News · TechCrunch
October 12, 20182m 54s
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Show Notes
Tech stocks tanked today amid a broader stock market slide as nervous investors worried that the ten year bull run in public stocks may be coming to an end. The S&P 500 dropped 3.3 percent while Nasdaq composite index (which is the market where many of the largest U.S. tech companies are traded) lost 4% of its value, falling 315.97 points. The net result is that the hand of the market is crushing stocks and high growth technology companies are bearing the brunt of the beating.
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