Tech Stocks Down – January-3-2024

On Wednesday, European markets were poised to open lower, continuing the worldwide decline in stocks. Investors are taking profits and reducing their expectations for significant interest rate cuts from key central banks this year. Technology stocks, particularly, felt the heat.

This was partly because Barclays downgraded Apple, citing disappointing iPhone sales. Additionally, today’s focus will be on the German unemployment data for December, which could influence market movements. In early trading, the Euro Stoxx 50 futures dropped by 0.2%, and the FTSE 100 futures decreased by 0.1%.

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Ethan O. Miller

Ethan O. Miller is a seasoned Forex analyst. His insightful articles offer a unique perspective on currency trends, aiding both novice and experienced traders in navigating the Forex market.

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