What's happening: Tech companies are getting hammered by the recent sell-off in markets. Many stocks in the sector have entered a correction, logging declines of at least 10% from their recent peaks. Rock-bottom rates have been a boon for fast-growing tech companies. Many strategists think the declines are healthy, and that share prices of many tech companies shot up too much, too fast. Oil jumps above $70 per barrel after attack of Saudi facilitiesBolstering fears about inflation is the rapid run-up in oil prices.

Source: The Nation March 08, 2021 14:09 UTC