Bad news for investors in tech stocks Tuesday: In early afternoon trading, shares of companies both profitable and unprofitable are plummeting on disheartening news about the economy -- and interest rates. As of 12:10 p.m. ET, shares of e-signature pioneer DocuSign (NASDAQ: DOCU) are down a big 6.4%, followed by cybersecurity specialist CrowdStrike (NASDAQ: CRWD) with a loss 5%. For that matter, even the granddaddy of all tech stocks, Google parent Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), is looking at a 4.6% loss for this day. Read More...
Bad news for investors in tech stocks Tuesday: In early afternoon trading, shares of companies both profitable and unprofitable are plummeting on disheartening news about the economy — and interest rates. As of 12:10 p.m. ET, shares of e-signature pioneer DocuSign (NASDAQ: DOCU) are down a big 6.4%, followed by cybersecurity specialist CrowdStrike (NASDAQ: CRWD) with a loss 5%. For that matter, even the granddaddy of all tech stocks, Google parent Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), is looking at a 4.6% loss for this day.
