There’s no room in the Ark ETF for technology’s sinking stocks amid industry’s sell-off

Source: South China Morning PostThe highest-flying tech names are getting no help from one of the sector’s usual lifelines amid a fierce sell-off that’s showing few signs of slowing.Plunging US real yields — which strip out the effects of inflation — failed to stem a 2.9 per cent fall in Cathie Wood’s ARK Innovation exchange-traded fund (ARKK) on Thursday, now in the midst of its worst stretch since 2018.Drops in the likes of Twilio, Zoom Video Communications and Roku dragged down the ETF, even as the mega-cap Nasdaq 100…Read More

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Generated by Feedzy