Growth stocks got hit with another round of big sell-offs today, and Roku (NASDAQ: ROKU) was once again caught up in the pullback. Tech stocks soared last week after comments from Federal Reserve officials suggested that the central banking authority could take a softer approach to raising interest rates this month. Following last week's big gains, investors are once again taking a more cautious stance on the market, and Roku stock has now given up all the gains it posted across last week's trading. Read More...
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Why Bank of America Stock Was Falling Today
Shares of Bank of America (NYSE: BAC) were down on Tuesday, falling as much as 6% during the trading day. As of 2:45 p.m. ET, Bank of America was down 5.5%, trading at $32.58. The major indexes were all down on Tuesday, led by the Nasdaq Composite, which was down 258 points, or 2.3%, while the Dow Jones Industrial Average was down 498 points, or 1.5%, and the S&P 500 was off 77 points, or 1.9%, as of 2:45 p.m. ET.
