• Tech stocks tumble as investors balk at lofty valuations

    7 days ago - By Business Insider

    Traders work on the floor of the New York Stock Exchange on November 20, 2019 in New York City
    Spencer Platt/Getty Images
    US stocks closed mixed with the tech-heavy Nasdaq losing over 2% as investors pivot out of highly-valued tech stocks. SPAC Churchill Capital IV spiked as much as 19% on a report a deal with EV maker Lucid Motors could come as soon as Tuesday. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks were mixed on Monday with tech stocks pulling back over valuation concerns while investors weighed what rising yields could mean for inflation...
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