Weekend roundup: Tech stocks plunge | Strategies for rising interest rates | Which retailers may follow Sears into oblivion?
When the Dow Jones Industrial Average (DJIA) declined 832 points on Wednesday, the worst S&P 500 (SPX) was information technology, which fell 5%. Here’s why investors are nervous about tech stocks. The Federal Reserve’s change of direction — it has increased the federal funds rate three times this year — has annoyed President Trump and is one of the factors leading to this weak’s significant pullback for stock prices.
Published:10/13/2018 6:51:18 AM