Tech Recovery Proved Fragile With Index Down Again For Year

Bloomberg2021-03-19

Nasdaq 100 sank 3.1% on Thursday, steepest drop in three weeks The benchmark has erased 2021 gains twice in two weeks It’s been a rough ride for tech stocks this year. In as little as two weeks, the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

lordanquek
2021-03-19
lordanquek
Coool
Huradelia
2021-03-19
Huradelia
Soon it’s time to buy again
RonnieSG
2021-03-19
RonnieSG
Too much volatility in the market. Be cautious but opportunistic
jw321
2021-03-19
jw321
Please help to comment, thanks!
- SSVC:
  [强][握手]
- csl26:
  oskydlutlufkydti
- GM33:
  Ok

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1108858803?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-19 15:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1108858803","market":"us","top_or_hot":-1,"title":"Tech Recovery Proved Fragile With Index Down Again For Year","media":"Bloomberg","content":"<div>\n<p>Nasdaq 100 sank 3.1% on Thursday, steepest drop in three weeks\nThe benchmark has erased 2021 gains twice in two weeks\n\nIt’s been a rough ride for tech stocks this year.\nIn as little as two weeks, the ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-18/inflation-jitters-spark-tech-selloff-erasing-2021-gains-again-kmfbefdi\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Recovery Proved Fragile With Index Down Again For Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech Recovery Proved Fragile With Index Down Again For Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 15:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-18/inflation-jitters-spark-tech-selloff-erasing-2021-gains-again-kmfbefdi><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nasdaq 100 sank 3.1% on Thursday, steepest drop in three weeks\nThe benchmark has erased 2021 gains twice in two weeks\n\nIt’s been a rough ride for tech stocks this year.\nIn as little as two weeks, the ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-18/inflation-jitters-spark-tech-selloff-erasing-2021-gains-again-kmfbefdi\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".DJI","symbol_name":"道琼斯","start_time":0,"source_url":"http://bloomberg.com/news/articles/2021-03-18/inflation-jitters-spark-tech-selloff-erasing-2021-gains-again-kmfbefdi","article_id":"1108858803","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108858803","pubTimestamp":1616139603,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Nasdaq 100 sank 3.1% on Thursday, steepest drop in three weeks\nThe benchmark has erased 2021 gains t","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".DJI":"道琼斯","NDX":"纳斯达克100指数",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"translate_title":"科技复苏被证明脆弱，指数年内再次下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"NDX":0.9},"content_text":"Nasdaq 100 sank 3.1% on Thursday, steepest drop in three weeks\nThe benchmark has erased 2021 gains twice in two weeks\n\nIt’s been a rough ride for tech stocks this year.\nIn as little as two weeks, the Nasdaq 100 Index has erased its 2021 gains twice. The benchmark plummeted 3.1% Thursday, wiping out its rally for a second time as inflation concerns rattled investors, fueling a selloff in bonds and pummeling U.S. growth stocks. The index posted its worth month since March 8 relative to the S&P 500 Index, which fell 1.5%.\nEarlier this month, the Nasdaq 100 fell as much as 11% from its February record high, shedding more than $1.7 trillion in value as a rally in Treasury yields spooked the stock market. Investors have warned that growth stocks would be among the hardest hit amid a rotation into value as the economy reopens and vaccinations ramp up.\nThe drop in the index was widespread. Just three companies finished up during the day’s trading, while 99 fell for a negative 96 spread betweenadvancers and decliners. That’s the second largest gap in the negative directionon the yearand only the second time it has exceeded negative 95.\n“This selloff in tech is unpleasant, but it’s not near the levels where it’s worrisome,” said Matt Maley, chief market strategist at Miller Tabak + Co. “Valuations are pretty rich and the sector has had a good run since last March, so the selloff can take some of the froth off the sector. Longer-term, there is some room for a further advance.”\n\nThe selloff accelerated after the Nasdaq 100 failed for a second time during the session to surpass a level that some chartists watch to determine whether the benchmark will be able to fully recover from its latest rout. It’s the mid-level of the February-March decline, or 13,044. The gauge came within four points of that threshold right after the open and attempted again around noon, to no avail. According to Fibonacci analysis, a system pioneered by 13th-century mathematician Leonardo of Pisa, stocks have a better chance of making a full recovery after recouping 50% of a retreat.\nThe Nasdaq 100 Index climbed 48% last year as high-flying tech stocksemergedas pandemic winners amid low interest rates and lockdowns that forced consumers to embrace online shopping and a broader shift to the digital world. Come 2021, the sentiment on tech is dwindling as rising yields make high-growth stocks less desirable. A turnaround in economic data adds to optimism a new business cycle is in the early innings. That environment has favored cheaper value companies in the past.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":350078208,"gmtCreate":1616144169804,"gmtModify":1704791485739,"author":{"id":"3567852950753695","authorId":"3567852950753695","name":"lordanquek","avatar":"https://static.tigerbbs.com/da76451943c3c4d5914ee51d0874f15f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3567852950753695","authorIdStr":"3567852950753695"},"htmlText":"Coool","listText":"Coool","text":"Coool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350078208","repostId":1108858803,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":350059329,"gmtCreate":1616141757761,"gmtModify":1704791453907,"author":{"id":"3550593849162338","authorId":"3550593849162338","name":"Huradelia","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3550593849162338","authorIdStr":"3550593849162338"},"htmlText":"Soon it’s time to buy again","listText":"Soon it’s time to buy again","text":"Soon it’s time to buy again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350059329","repostId":1108858803,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":350020645,"gmtCreate":1616140592487,"gmtModify":1704791441017,"author":{"id":"3567295126071659","authorId":"3567295126071659","name":"RonnieSG","avatar":"https://static.tigerbbs.com/20c3815bb0969cd4ea7a26f56e53df31","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3567295126071659","authorIdStr":"3567295126071659"},"htmlText":"Too much volatility in the market. Be cautious but opportunistic","listText":"Too much volatility in the market. Be cautious but opportunistic","text":"Too much volatility in the market. Be cautious but opportunistic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350020645","repostId":1108858803,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":350062242,"gmtCreate":1616140031186,"gmtModify":1704791434997,"author":{"id":"3574053691106982","authorId":"3574053691106982","name":"jw321","avatar":"https://static.tigerbbs.com/1263b51c7856e75fbd5cf4072078ca6e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574053691106982","authorIdStr":"3574053691106982"},"htmlText":"Please help to comment, thanks!","listText":"Please help to comment, thanks!","text":"Please help to comment, thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/350062242","repostId":1108858803,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3835683,"gmtCreate":1616154971602,"gmtModify":1680780998527,"authorId":3574906731000207,"author":{"id":3574906731000207,"idStr":"3574906731000207","authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":350062242,"type":1,"supId":0,"prevId":0,"content":"[强][握手]","text":"[强][握手]","html":"[强][握手]"},{"id":3834293,"gmtCreate":1616140286317,"gmtModify":1680780984443,"authorId":3570810324861591,"author":{"id":3570810324861591,"idStr":"3570810324861591","authorId":3570810324861591,"name":"csl26","avatar":"https://static.tigerbbs.com/88ce4161a21c6674fd07dff6a7818a24","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":350062242,"type":1,"supId":0,"prevId":0,"content":"<u>oskydlutlufkydti</u>","text":"<u>oskydlutlufkydti</u>","html":"<u>oskydlutlufkydti</u>"},{"id":3834300,"gmtCreate":1616140397661,"gmtModify":1680780984258,"authorId":3569478069644531,"author":{"id":3569478069644531,"idStr":"3569478069644531","authorId":3569478069644531,"name":"GM33","avatar":"https://static.tigerbbs.com/93e233e9c84746e3cbd703306142c4eb","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":350062242,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":10,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1108858803"}