Tech Stocks Set for More Losses After Nasdaq Sinks

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Tech Stocks Set for More Losses After Nasdaq Sinks

The Wall Street Journal2022-01-06

Technology stocks were poised for further losses at the opening bell after getting clobbered by investors concerned about likely interest-rate rises.Futures for the technology-heavy Nasdaq Composite ...

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Novice2
·2022-01-06
Correction time
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2
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Linda77
·2022-01-06
Buy the dip
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4
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Siewdai
·2022-01-06
[Like]
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6
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xiaojn
·2022-01-06
Ok
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3
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StarGate
·2022-01-06
Wait for more recovery
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6
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不姓王但叫富贵
·2022-01-06
So I need to wait at least till next QR...[Angry] [Angry]
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3
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MaShao
·2022-01-06
Wow...
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3
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AzriTan
·2022-01-06
Have a long view!
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2
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kingfish1
·2022-01-06
hsiyo
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1
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HappyChang
·2022-01-06
Very good
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1nquisit0
·2022-01-06
Please like
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木子一休
·2022-01-06
[smile]
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MuppyKoh
·2022-01-06
Please like
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The yield on 10-year Treasury notes rose to 1.726% Thursday from 1.703% Wednesday.Investors are bracing for a volatile spell for tech stocks, which have powered the market higher since the early-pandemic slump in 2020. Shares of companies such as Apple and Microsoft have benefited from low interest rates on top of blockbuster earnings helped by the shift to home working.Rates, however, look set to increase, potentially as soon as March. Although investors say stocks can continue to rise in a period of rising rates that reflect a growing economy, tech shares and momentum stocks such as Tesla are seen as vulnerable.“We could be in for a rough ride,” said Lars Skovgaard Andersen, investment strategist at Danske Bank Wealth Management. Mr. Andersen expects the volatility to last at least until tech companies begin to report earnings later this month, which he said could encourage investors to buy those stocks back.Mr. Andersen sees the selloff as a buying opportunity but intends to target the broad market and European banks that stand to benefit when rates rise, rather than U.S. tech.Cryptocurrencies have skidded in line with technology stocks, in a sign investors are cutting positions in more speculative markets. Bitcoin fell 1.7% to $42,927.62 Thursday, according to CoinDesk, compared with its value at 5 p.m. ET Wednesday.While the SEC hasn’t announced major actions against big crypto exchanges, the commission has threatened to sue companies offering crypto lending. WSJ’s Dion Rabouin explains why this one part of the crypto market has drawn such a strong reaction. Photo: Mark Lennihan/Associated PressThe catalyst for the selloff was the publication of minutes from the Fed’s December policy meeting. 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That is up from 32% a month ago, shortly after Omicron emerged, according to CME Group data.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9008592903,"gmtCreate":1641479525177,"gmtModify":1676533619303,"author":{"id":"4094948028342190","authorId":"4094948028342190","name":"Novice2","avatar":"https://static.itradeup.com/news/926c595669ac5fd03ab7d9f5526f5743","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Correction time","listText":"Correction time","text":"Correction 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dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008247609","repostId":1158369052,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008251404,"gmtCreate":1641467505000,"gmtModify":1676533618047,"author":{"id":"4092415789566660","authorId":"4092415789566660","name":"Siewdai","avatar":"https://static.tigerbbs.com/41f623cee752b69da4d5346839a01bd4","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"[Like]&nbsp;","listText":"[Like]&nbsp;","text":"[Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008251404","repostId":1158369052,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008251896,"gmtCreate":1641467409847,"gmtModify":1676533618038,"author":{"id":"3554893275482082","authorId":"3554893275482082","name":"xiaojn","avatar":"https://static.tigerbbs.com/1d013f63de4e09aaf06a8ae8cf90aeb8","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008251896","repostId":1158369052,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008250103,"gmtCreate":1641466456250,"gmtModify":1676533617960,"author":{"id":"3586990023332519","authorId":"3586990023332519","name":"StarGate","avatar":"https://static.tigerbbs.com/9db084b2eae373a6cc56043329defb07","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Wait for more recovery&nbsp;","listText":"Wait for more recovery&nbsp;","text":"Wait for more recovery","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008250103","repostId":1158369052,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008250009,"gmtCreate":1641466357392,"gmtModify":1676533617960,"author":{"id":"3567774812244619","authorId":"3567774812244619","name":"不姓王但叫富贵","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"So I need to wait at least till next QR...[Angry]&nbsp;[Angry]&nbsp;","listText":"So I need to wait at least till next QR...[Angry]&nbsp;[Angry]&nbsp;","text":"So I need to wait at least till next QR...[Angry] [Angry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008250009","repostId":1158369052,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008227190,"gmtCreate":1641465966568,"gmtModify":1676533617943,"author":{"id":"4101280547289550","authorId":"4101280547289550","name":"MaShao","avatar":"https://static.itradeup.com/news/fe27810451c64c43dfd6d71bd4e409f3","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Wow...","listText":"Wow...","text":"Wow...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008227190","repostId":1158369052,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008227061,"gmtCreate":1641465937351,"gmtModify":1676533617936,"author":{"id":"3556009150724705","authorId":"3556009150724705","name":"AzriTan","avatar":"https://static.itradeup.com/news/0cd0f245ac901c9a4590d4456d8fa63a","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":8,"crmLevelSwitch":1},"htmlText":"Have a long view!","listText":"Have a long view!","text":"Have a long view!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008227061","repostId":1158369052,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008224797,"gmtCreate":1641465885448,"gmtModify":1676533617936,"author":{"id":"3582758862755148","authorId":"3582758862755148","name":"kingfish1","avatar":"https://community-static.tradeup.com/news/f634e3e98f3a04ba5b382ea3300c2ea5","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"hsiyo","listText":"hsiyo","text":"hsiyo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008224797","repostId":1158369052,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008225970,"gmtCreate":1641464927229,"gmtModify":1676533617898,"author":{"id":"3568726666183323","authorId":"3568726666183323","name":"HappyChang","avatar":"https://static.tigerbbs.com/9e8e1a11fb2cb0f19b9fbbdf77edd4c1","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Very 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