Tuesday is looking like a good day for investing in tech stocks, as shares of edge cloud provider Fastly (NYSE: FSLY) gains 2.5%, TV streamer Roku (NASDAQ: ROKU) picks up 4.4%, and online shopping tech company Shopify (NYSE: SHOP) leads the pack higher with a 5.5% gain. There is, however, a big macroeconomic news item that's likely to affect the growth prospects for all sorts of tech companies in the months ahead. This morning, the Federal Reserve's Federal Open Market Committee (FOMC) will decide whether to raise rates by 75 basis points (or more) or 50 basis points (or less). Read More...
Tuesday is looking like a good day for investing in tech stocks, as shares of edge cloud provider Fastly (NYSE: FSLY) gains 2.5%, TV streamer Roku (NASDAQ: ROKU) picks up 4.4%, and online shopping tech company Shopify (NYSE: SHOP) leads the pack higher with a 5.5% gain. There is, however, a big macroeconomic news item that’s likely to affect the growth prospects for all sorts of tech companies in the months ahead. This morning, the Federal Reserve’s Federal Open Market Committee (FOMC) will decide whether to raise rates by 75 basis points (or more) or 50 basis points (or less).
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