- January 4, 2023
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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Investors hoping for a January bounce in the S&P 500 may have to be patient because the gigantic tech companies that account for a fifth of the index could have further to fall. While the S&P 500 fell 19% last year, the Nasdaq Composite, heavily exposed to tech, dropped 33%. Rapidly rising interest rates led to investors placing less value on high-priced growth stocks, but tech shares’ troubles now go beyond that.
