Tag: Trading Stocks

What Is Trading Like After The US Tech Sell-off

Business and trading has never been a perfect science. The stock market is not always that stable and it can crash anytime in the face of a very strong variable. It’s why many call trading a gamble, and for some, it can be the gamble of a lifetime. One of the most dominant and strongest industry these days has to do with technology. It’s actually a no-brainer considering that many things around you are tech-related. It’s an understatement to say that humans have embraced technology in their lives. This market, though, may be highly lucrative but an older technology can easily fall off the radar once something new is launched.

But just like any other industry, technology is a hit or miss thing too. Tech stocks are falling and everyone (all over the globe) are on their toes, curiously watching the drama unfold right before their very eyes. It seems that all the action from the UK’s election to FBI Comey’s testimony resulted in either decreasing or unstable stocks that has also affected almost all the major currencies in the world.

A selloff in US technology stocks spread, dragging down shares from South Korea to the Netherlands. The British pound fluctuated as investors assessed the impact from the UK‘s political turmoil.

Samsung Electronics, ASML Holding and Tencent Holdings led declines among technology companies in Europe and Asia. US stock futures fell after the Nasdaq 100 sank