Concern over the impact of higher rates on the high-growth, high-valuation sector seems to be outweighing optimism over tech companies’ earnings.
By Elena Popina|April 25, 2018 at 07:06 PM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
First-quarter earnings were supposed to be an elixir for U.S. technology stocks, the sector that had fallen more than any other in the month before the reporting season began. Then Treasury yields spiked and spoiled it.