If Not Rates, What’s the Culprit in the Tech Sell-Off?

Mar 3, 2021 · 43m 52s
If Not Rates, What’s the Culprit in the Tech Sell-Off?
Description

The Nasdaq plunged 2.7% Wednesday, with Apple, Amazon, Microsoft and Alphabet losing a combined $175 billion in market cap. But rates, while up on the day, were below levels hit...

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The Nasdaq plunged 2.7% Wednesday, with Apple, Amazon, Microsoft and Alphabet losing a combined $175 billion in market cap. But rates, while up on the day, were below levels hit last week. So what’s to blame for the plunge in big tech. Plus the parent company of Rocket Mortage seeing shares come back down to Earth today. We take a look at some of the other names that could get caught up in the Reddit Rebellion.
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Author CNBC
Organization CNBC
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