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U.S. Stock Market Continues To Slide With Technology Selloffs Leading The Drop, Crypto Analysts Worry Bitcoin Will Follow Suit
Summary: U.S. stocks continued their days-long slide again today with large selloffs in technology shares largely to blame. The Nasdaq 100 fell by 4.8%. Tesla is facing the most brutal decline and is currently down 34% for September. Apple's three day plummet grew to 14% the most decline its seen since October 2008. Some analysts have ...
U.S. stocks continued their days-long slide again today with large selloffs in technology shares largely to blame.
The Nasdaq 100 fell by 4.8%. Tesla is facing the most brutal decline and is currently down 34% for September. Apple's three day plummet grew to 14% the most decline its seen since October 2008.
Some analysts have indicated that the drop off in tech stocks is a healthy correction for overvalued products bought into during speculative phases of the pandemic, while others worry that the decline will only keep getting deeper.
Bitcoin has been tracking the stock market over recent days causing crypto analysts to worry that further declines in stocks will pull the digital currency down with them.
By Emily Mason
Tags: Bitcoin,BTC,Nasdaq
Link: U.S. Stock Market Continues To Slide With Technology Selloffs Leading The Drop, Crypto Analysts Worry Bitcoin Will Follow Suit [Copy]
