Tech stocks crushed in market selloff

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A trader is effective at the New York Stock Exchange NYSE in New York, on Aug. 26, 2022.

Xinhua Information Agency | Getty Photographs

The six most significant U.S. tech corporations dropped a lot more than $500 billion in price Tuesday following an unexpectedly significant August inflation report despatched tech shares tumbling. The purchaser price index was up .1% for the thirty day period and was up 8.3% yr above yr, even as gasoline selling prices fell.

The Invesco QQQ ETF, an exchange-traded fund tracking the 100 most remarkably valued nonfinancial corporations mentioned on Nasdaq, endured a 5.5% drop in

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Bernstein says it’s time to get back into tech stocks. Invest in these

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Tech Stocks Continue to Fall After Snap’s Profit Warning

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Technology stocks fell Tuesday, with investors ditching shares of companies that rallied during the pandemic. 

Social-media company

Snap Inc.’s

SNAP 11.92%

shares lost $9.68, or 43%, to $12.79, its largest percentage decline on record. The company issued a profit warning Monday and said it planned to slow hiring and spending. The stock price has tumbled 85% from its September 2021 all-time high.

Other tech stocks that rely on digital advertising spending also fell. Google parent

Alphabet Inc.

slipped $110.36, or 5%, to $2,119.40, while

Meta Platforms Inc.

dropped $14.95, or 7.6%, to $181.28. Streaming-video company

Roku Inc.

was recently down

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Duolingo, Affirm, Hood, Toast tech stocks rally: Here’s why

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It was a week to forget for many investors, especially those with portfolios heavy on the tech side. Earlier this week, big tech companies combined to lose more than $1 trillion in value in just three days, according to CNBC—a list that includes Microsoft, Tesla, Amazon, Alphabet, Nvidia, and Meta Platforms. This week wasn’t pretty for crypto investors, either.

But things may be looking up as we head into the weekend, as some tech stocks are popping to end the week. Overall, the Nasdaq Composite gained around 4% on Friday, lifted by a number of tech companies that reported stronger-than-expected

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