The selloff in tech stocks is shifting into overdrive
Published . Updated .
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Technology stocks had been priced for perfection. They are now getting hammered.
Directly affected
- No company is named in this report.
Indirectly affected
- DIA SPDR Dow Jones Industrial Average ETF+0.1% 30d
SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
- QQQ Invesco QQQ-10.3% 30d
Invesco QQQ: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
- IWM iShares Russell 2000 ETF-2.8% 30d
iShares Russell 2000 ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
- RSP Invesco S&P 500 Equal Weight ETF
Invesco S&P 500 Equal Weight ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
- VTI Vanguard Total Stock Market ETF
Vanguard Total Stock Market ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DIA | +1.17% | +1.48% | base | +0.44% | +0.00% | after close | after close |
| QQQ | +3.12% | +5.08% | base | -1.30% | -0.76% | after close | after close |
| IWM | -0.87% | +0.69% | base | -0.06% | +0.16% | after close | after close |
| RSP | -0.47% | -0.39% | base | +0.76% | +0.42% | after close | after close |
| VTI | +1.04% | +2.02% | base | -0.49% | -0.14% | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Technology stocks had been priced for perfection. They are now getting hammered.
Source: MarketWatch
This story
| Company | When | Move | Status |
|---|---|---|---|
| DIA | that day | +0.44% | final price |
| DIA | the next day | 0.00% | final price |
| DIA | three days earlier | +1.48% | final price |
| DIA | five days earlier | +1.17% | final price |
| IWM | that day | -0.06% | final price |
| IWM | the next day | +0.16% | final price |
| IWM | three days earlier | +0.69% | final price |
| IWM | five days earlier | -0.87% | final price |
| QQQ | that day | -1.30% | final price |
| QQQ | the next day | -0.76% | final price |
| QQQ | three days earlier | +5.08% | final price |
| QQQ | five days earlier | +3.12% | final price |
| RSP | that day | +0.76% | final price |
| RSP | the next day | +0.42% | final price |
| RSP | three days earlier | -0.39% | final price |
| RSP | five days earlier | -0.47% | final price |
| VTI | that day | -0.49% | final price |
| VTI | the next day | -0.14% | final price |
| VTI | three days earlier | +2.02% | final price |
| VTI | five days earlier | +1.04% | final price |
How solid “The selloff in tech stocks is shifting into overdrive” looks
12 out of 100
“The selloff in tech stocks is shifting into overdrive” scores 12 out of 100. The score uses 1 sources.