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The Federal Reserve’s move toward raising rates is pushing investors out of cloud stocks, which soared in recent years, and in search of safer assets.
The Federal Reserve’s move toward raising rates is pushing investors out of cloud stocks, which soared in recent years, and in search of safer assets.
The week after Thanksgiving saw tech end on a sour note, which allowed the Direxion Daily Technology Bear 3X ETF (TECS) to jump higher.
DocuSign, Etsy, DoorDash and Zoom are among the biggest losers, while HP, Apple and Cisco saw gains.
DocuSign, Etsy, DoorDash and Zoom are among the biggest losers, while HP, Apple and Cisco saw gains.