Tech stocks are getting hammered today, with previously high-flying shares of software companies taking even more damage. For a sector that has enjoyed a year in the sun, recent trading sessions have punctured a period of market adoration. It is too soon to say that the market is repricing tech stocks, but the selloff has reached the point of materiality and is therefore something we need to note. As we write, the tech-heavy Nasdaq Composite is off another 1.2% today after previous declines.
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Alex Wilhelm, TechCrunch
Fri, 03/05/2021 - 9:22am
Topics: ark innovation etf saas lost techcrunch spac-led hippo snowflake we ll series a understanding nasdaq nasdaq composite in composite percent bessemer b lemonade change root insurance metromile selloff material today stocks high cloud current price damage market valuations exit million reached sector tech-heavy yesterday software
BING NEWS:
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