The biggest technology shares fell for a third day as investors showed signs of exhaustion with the sector amid a slew of corporate earnings. Government bonds declined ahead of key policy meetings from some of the world’s biggest central banks.
The Nasdaq 100 Index sank almost 1 percent as the FANG cohort tumbled 2.2 percent, led by Netflix Inc. The group of tech megacaps is off 8.7 percent in the three sessions since Facebook Inc.’s results triggered a record evaporation of market value. Twitter Inc. joined the slide, retreating almost 4 percent. Anxiety that tech shares have become overvalued persists as Apple Inc. prepares to report earnings Tuesday.
Tech Slide Deepens as Bonds Drop, Oil Breaches $702018-07-302019-02-21https://mcalvanyica.com/wp-content/uploads/2019/09/ica-logo-webx2.pngMcalvany ICAhttps://mcalvanyica.com/wp-content/uploads/2018/02/blur-1853262_960_720.jpg200px200px
