Why Tech Stocks Are Lagging in Today's Market
After opening higher to start the day, markets began to fall, with the S&P 500 and Dow Jones Industrial Average now down 1% and 0.9%, respectively.
Today's early optimism was fueled by reports from Europe that policymakers would soon begin to provide aid to the ailing Spanish banking sector with up to 100 billion euros in emergency loans. While well received, the news couldn't offset the impact of numerous negative pre-announcements from U.S. technology companies. In the following video, Brenton discusses a few of the tech announcements, as well as a quick look a couple of Dow components lagging the broader market today.
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At the time this article was published Brenton Flynn has no positions in the stocks mentioned above. The Motley Fool owns shares of Intel. Motley Fool newsletter services recommend Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.