Facebook,
Twitter, Amazon Stocks Tumble, but
Apple Has a
Good Day
It looks like tech
Stocks are suffering from a case of the Mondays
Facebook,
Twitter, Amazon and other tech
Stocks each declined by 2% or more by the end of trading Monday as investors shift away from so-called "momentum" tech
Stocks with high valuations.
See also:
Why Mobile Ads Are Seen as a Boon to Facebook, But a Plague to Google
There had been a broad selloff among tech
Stocks earlier this month, but there were signs of a rebound as earnings season got under way. The decline on Monday was a reminder of ongoing volatility in the tech sector.
There were, of course, more specific factors at play for some of these stocks.
Amazon stock has declined on back-to-back trading days following its lukewarm
earnings report Thursday, in which it projected a sizable operating loss in the upcoming quarter. Twitter is coming up on the end of a major
stock lockup period Read more...
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