Why Are Tech Stocks Down?

Stephen Innes, Global Chief Market Strategist, Axi

02-Nov-20 07:07

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The S&P 500 plunged 5.6% last week even though earnings of Big Tech including Microsoft, Amazon, and Apple all beat estimates. Stephen Innes gets into some reasons behind the selling in a sector.

We also get into his view on US earnings from last week, thoughts around the US Election, and whether he expects Bank Negara Malaysia to cut rates.

Produced by: Mike Gong

Presented by: Lyn Mak, Noelle Lim, Roshan Kanesan

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Categories: Personal Finance, Investments, Financial Literacy, Politics, Law and Legal Matters, Technology, Medical Innovation and Technology, Tech, Business Analysis, Trends and Forecasts, Markets, Social Issues

Tags: bank negara, interest rates, MPC, apple, facebook, microsoft, SAP, tech stocks, US election, trump, biden,

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