The market reminds me of the conflict in Ukraine right now, just a slow grind down in which the Nasdaq continues to lead the decliners after losing more than a third of its value last year. Take the Jobs market. Yesterday the ADP Jobs report showed the economy created 235,000 jobs in December, far above expectations for 145,000 positions. Read More...
Motley Fool
Why Shopify, Palantir, and CrowdStrike Stocks Slumped on Thursday
Within the tech sector, shares of Shopify (NYSE: SHOP), Palantir Technologies (NYSE: PLTR), and CrowdStrike (NASDAQ: CRWD) are suffering worse than most, falling 3.3%, 3.9%, and 8%, respectively, through 12:05 p.m. ET. You can blame investment bank Jefferies for that — and Piper Sandler, too. Jefferies started off the new year with a series of downgrades, reversing its buy ratings and lowering Shopify, Palantir, and CrowdStrike to neutral, as ratings-watcher The Fly reports today.
