Tech-led selloff accelerates

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US stocks have opened in the red again today, the sixth straight day of losses which has not been seen on the Nasdaq since this time last year. The selloff in US tech stocks is dragging the broader indices lower as there is increasing concern that rising borrowing costs will derail the historic surge in the prices of fast-growing companies. Is this the beginning of a long overdue correction? Let’s all not forget the tech-laden index is still up 40% over the past twelve months.

That said, there are some notable decliners including Apple (-6%) and Tesla (-12%) which have fallen through or… Read More:

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