LOS ANGELES | Rising interest rates weigh on high-flying tech stocks

11Oct - by Editor - 0 - In STL.News



LOS ANGELES  — Technology and internet stocks have led the way for much of Wall Street‘s bull market run, propelling the stocks of big names like Apple, Amazon and Google’s parent company sharply higher along the way.

Now those high-flying stocks are at the forefront of a wave of selling as investors fret about the possible impact of a recent surge in interest rates.

Those jitters gave the Nasdaq composite index, which as a high concentration of technology companies, its biggest loss in more than two years Wednesday.

Continue reading LOS ANGELES | Rising interest rates weigh on high-flying tech stocks at STL.News.



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