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Outlook for Tech Stocks Darkens After Rocky Stretch

by Edinburg Post Report
September 10, 2022
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Sept. 10, 2022 5:30 am ET

A rally in technology shares helped the stock market snap a three-week losing streak. There are already signs that reprieve may be short lived.

Investors are bailing out of technology-focused mutual and exchange-traded funds at the fastest clip since early February, when the tech selloff was first intensifying, according to data from Refinitiv Lipper. They yanked about $2.4 billion from such funds in the three weeks ended Wednesday. 

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