Morning Bid: Tech trouble – Reuters
- Date: 18-Jan-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
Morning Bid: Tech trouble – Reuters
A look at the day ahead from Sujata Rao.
Nasdaq futures are down almost 1% on Tuesday, making it likely the tech-heavy index will add to its year-to-date losses of around 4.5%. Having risen for 12 of the past 13 years, it is under heavy pressure from the prospect of higher interest rates and bond yields, more so than the broader S&P 500 index or MSCI's global equity benchmark.
The 4.5% loss masks deeper falls -- 29 shares have lost 10% or more already this year, according to Capital Economics.
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