Tech Stocks Face Declines After Central Bank Interest Rate Hike Worries

Tech Stocks Face Declines After Central Bank Interest Rate Hike Worries
Traders work on the floor of the New York Stock Exchange on March 20, 2020. Spencer Platt/Getty Images
Bryan Jung
Updated:

Big tech stocks faced a sea of red on Jan. 18, after rising high during the pandemic, as investors pull back after reports of interest rate hikes this year from central banks.

The downturn is being blamed on surging bond yields as investors prepare for the curtailment of Federal Reserve stimulus.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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