TSX joins global stock market sell off as coronavirus fears refuse to go away - News Summed Up

TSX joins global stock market sell off as coronavirus fears refuse to go away


Tech sell offShares in technology companies have been on fire for the past six months, but even tech companies have been selling off of late on fears that they have risen too far, too fast. Investors have been trying to move past the coronavirus, but the reality of the continuing spread of the virus has prompted fears in the stock market of late. (Bloomberg)In the early days of the pandemic, technology stocks boomed largely because their earnings were legitimately higher due to demand for their services. "The reality of these companies is bringing the market lower [and] fear is back in the market." Oil down tooOther parts of the stock market are having a hard time picking up the slack from suddenly weak tech companies.


Source: CBC News September 21, 2020 16:19 UTC



Loading...
Loading...
  

Loading...