Trouble in big technology stocks gives investors another reason to worry – The National

Trouble in big technology stocks gives investors another reason to worry – The National

The trouble in megacap technology is showing no signs of stopping, and earnings from some of the most-prominent names are adding to investors’ list of worries.

Marquee companies like Apple and Microsoft, which are due to report their results next week, have come under additional pressure, with the Nasdaq 100 now on pace for its worst month since the 2008 financial crisis.

A grim outlook from streaming giant Netflix was the latest excuse to sell the industry’s shares. Amazon.com and Facebook parent Meta Platforms were down over 20 per cent from their records.