Tech stocks face new blow as strong dollar threatens earnings
Big tech companies, whose shares are already in their worst selloff in years, are particularly vulnerable to a rising dollar
Source: livemint.com
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Big tech companies, whose shares are already in their worst selloff in years, are particularly vulnerable to a rising dollar
Behind the shift are expectations that inflation will eventually fall and the Fed will pare back the pace of interest-rate increases
Microsoft last dethroned Apple in the first half of 2020, when investors flocked to growth stocks in the wake of the Covid-19 pandemic.