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Ford reaches a tentative deal with Canadian auto workers, Disney is nearly doubling its investment in theme parks and cruises, and other news to start your day.
Investors, who flocked to companies like Zoom as the virus spread, have started to look elsewhere.
You have successfully joined our subscriber list. According to a technology strategist at investment bank Baird, Ted Mortonson, the new tech dynamic is FOGK (fear of getting killed). Tech stocks are under pressure due to recent rising yields. In the last five days, the Nasdaq Composite Index has declined nearly 5%. In the past year, tech stocks were triggered by FOMO (fear of missing out) during the unprecedented global pandemic. At the time, investors bid up tech stocks that saw growth in their revenues. During the worldwide lockdown, technology companies recorded increases, especially gain ...