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Why So Many Tech Stocks Are Falling
TIME
English - May 13, 2022 10:20 - 8 minutes - 15.1 MB - ★★★★ - 63 ratingsDaily News News Society & Culture spokenlayer Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Technology companies thrived when the pandemic began more than two years ago. But now, as much of the population returns to work and spends less time at home, the tech sector is suffering deep losses as investors fear that companies boosted by the pandemic are running out of steam.
The tech-heavy Nasdaq composite reported the biggest dip, closing on Monday down more than 4% after ending April with its worst monthly performance since the 2008 financial crisis. It rose 0.