Technology, Biotech, and Other High Beta Stocks Routed (QQQ) (IBB)
Get Alerts TSLA Hot Sheet
Join SI Premium – FREE
Technology stocks were hammered on Monday, with high fliers Tesla Motors, Inc. (Nasdaq: TSLA), Facebook (Nasdaq: FB), Netflix, Inc. (Nasdaq: NFLX), Splunk, Inc. (Nasdaq: SPLK), and other leaders coming under pressure. Losses on the Nasdaq Composite (Nasdaq: QQQ) neared 1.5% mid-day, amid a sea of red.
Traders also discussed declines in another high beta sector, biotech. iShares Nasdaq Biotechnology (Nasdaq: IBB) fell over 4%, extending Friday's losses.
Declines follow hawkish comments from the Fed last week.
Traders also discussed declines in another high beta sector, biotech. iShares Nasdaq Biotechnology (Nasdaq: IBB) fell over 4%, extending Friday's losses.
Declines follow hawkish comments from the Fed last week.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla (TSLA) to Accelerate Launch of More Affordable Models
- Bernstein on Tesla: 'Widespread deployment of FSD is 5 - 10 years away'
- Tesla (TSLA) PT Lowered to $120 at HSBC on 'concerns about the timing and scale of prospects'
Create E-mail Alert Related Categories
General News, Trader TalkRelated Entities
TeslaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!