Tech stocks are hurtling toward a correction

Persistently high inflation has dealt investors a wake-up call this year, sending them scrambling to re-engineer their portfolios in anticipation of more aggressive action from the Federal Reserve.

News: What you need to know about the markets     Tech stocks are hurtling toward a correction Persistently high inflation has dealt investors a wake-up call this year, sending them scrambling to re-engineer their portfolios in anticipation of more aggressive action from the Federal Reserve. Read more »   Tide is raising prices on laundry detergent It's going to cost you more to wash your clothes. Read more »   Flush with cash, big companies are ready to buy up rivals and reward investors Microsoft's massive acquisition of Activision Blizzard is notable for several reasons, not the least of which is that it's spending nearly $70 billion -— in cash — to make the deal. That means Microsoft CEO Satya Nadella is essentially going to write a check for Activision Blizzard. Read more »   Biden needs to answer these 5 questions about the economy From startlingly high inflation and empty grocery store shelves to elevated prices at the pump, Americans are frustrated with the state of the economy. Read more »   The CEO who fired 900 employees over Zoom is coming back The CEO of Better.com, best known for firing 900 employees over Zoom just before Christmas, is coming back to work. Read more »   Is Electronic Arts the next to get bought in the gaming deal frenzy? It's game on for video game mergers. Read more »

Dow Nasdaq S&P -339.82   -166.64   -44.35 35,028.65   14,340.26   4,532.76 -0.96%   -1.15%   -0.97% YTD -3.60%   YTD -8.34%   YTD -4.90%

Biggest Winners Newmont Corporation +6.04%   Procter & Gamble Co +3.36%   Sealed Air Corp +3.33%   Dollar General Corp +3.20% Biggest Losers Ford Motor Co -7.92%   US Bancorp -7.75%   State Street Corp -7.06%   Bank of New York Mellon Corp -5.85%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $86.36 +0.93 / +1.09% Gold $1,840.60 +28.20 / +1.56% 10-yr 1.83% -0.04 Euro $1.13 +0.00 / +0.12%

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