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Stock market: escape from technology to NY, Apple -4.74%, Google -2.39%

2021-02-23T15:46:33.925Z


Wall Street in decline with the flight from technology. Apple loses 4.74%, Amazon 2.16%, Google 2.39%, Facebook 1.26% and Microsoft 2.03%. (HANDLE)


(ANSA) - NEW YORK, FEBRUARY 23 - Wall Street in decline with the technological flight. Apple lost 4.74%, Amazon 2.16%, Google 2.39%, Facebook 1.26% and Microsoft 2.03%. Growing investor fears about their high valuations weigh on the downside race as interest rates are low and the world economy is nearing a reopening. With vaccination campaigns underway that hint at an opening in the economy, techies, who have experienced a real boom with the pandemic, are in trouble. Add to this the higher bond yields that make technology less attractive. (HANDLE).


Source: ansa

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