finance.yahoo.com
The losses are piling up for some of the market’s often go-to stocks. Microsoft (MSFT) shares have notched eight straight weeks of declines, Amazon’s (AMZN) stock has been down for seven straight weeks and Tesla (TSLA) has slid for an astounding nine consecutive weeks. While the Tesla sell-off could be attributed to company-specific concerns (demand weakness, Elon Musk’s work at DOGE), the reality is that large-cap tech stocks continue to be out of favor. Investors are rotating into more safe-haven names and questioning valuations on tech inside of a global trade war ignited by the Trump trade war. Recent demand warnings from big-cap plays Delta (DAL), Nike (NKE), and FedEx (FDX) aren’t helping to soothe concerns on tech as we approach first quarter earnings season in mid-April. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms
9 days ago