Tag: Tech Sell-off

Summertime Blues for the Markets – Weekly Update

August 14, 2023 | By Steven DiGregorio

Positive inflation data failed to lift stocks from their August doldrums last week as economic data and a ratings downgrade soured investor sentiment. The Dow Jones Industrial Average added 0.62%, while the Standard & Poor’s 500 slipped 0.31%. The Nasdaq Composite index fell 1.90% for the week. The MSCI EAFE index, which tracks developed overseas […] READ MORE


Hawkish Fed; Stocks Retreat – Weekly Update

January 10, 2022 | By Steven DiGregorio

The Tech Wreck The perception of a more hawkish Fed put a hard stop to the year’s positive start and pushed bond yields higher and stocks into a broad retreat. Technology and other high-valuation shares were particularly hard hit by rising yields. Even the larger-capitalization technology companies with strong cash flows and profits were damaged. […] READ MORE