Big Tech Stocks Enter Correction Territory as Markets Tumble Supply chain constraints are disabling some companies from meetings sales goals, higher corporate taxes could be on the way, and bond yields are expected to keep rising.
Apple (AAPL), AMZN and Facebook (FB) have dropped more than 11%, 14% and 14% from recent highs. Facebook was the biggest loser in tech, as the company is dealing with widespread outages.
Supply chain constraints are disabling some companies from meetings sales goals, higher corporate taxes could be on the way, and bond yields are expected to keep rising.
The Merck COVID Pill RealMoney
ALEX FREW MCMILLAN
Oct 4, 2021 6:28 AM EDT
Evergrande has reportedly struck a deal to sell 51% of its property-management arm, which would raise US$5.1 billion.