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Retail investors who have retained faith in technology stocks have been richly rewarded by buying the fall over the years, but their patience and optimism were again tested on Friday when the technologically heavy Nasdaq opened 2 percent lower.
Wall Street was on Thursday closed sharply lower in sharp contrast to the rally at the previous trading session, when Nasdaq recorded the biggest one-day decline since June 2020 and the biggest reversal since the pandemic began.
Nasdaq Composite Company decreased by 5 percent. Wednesday’s rally and Thursday’s retreat became the sharpest turn of the index since March 2020, and the Nasdaq fluctuated more than 8 percentage points in two trading days.
The move fell to 21 percent over the year, keeping concerns about rising rates that would hurt fast-growing technology stocks, which first raised their head with the sale of technology last November.
April was already the toughest month these macro worries have been combined with softer business updates from tech giants like Amazon, Apple and Netflix. The April fall of the Nasdaq was 13.3 percent, the worst monthly decline since October 2008, after the collapse of Lehman Brothers shook the financial markets.
While analysts are arguing the basics still look good, proponents of technology will continue to return for new ones, and volatility will continue. Today is another illustrative case – Nasdaq recovered all its losses by 13:00 New York time, but now fell again by 2 percent.
Internet (five) things
1. Russia is under intense hacker attack
A widespread attack occurs in cyberspace when Russian companies and government agencies rush hordes of pro-Ukrainian hackers, many of whom are new and previously unknown to cybersecurity experts.
2. Armed with China’s latest rack
Gaining control of the Chinese renegade unit is crucial for plans being developed by the chip designer’s owner, Japan’s SoftBank, to be included in the UK’s largest technology company. Anna Gross and Ryan McMore in Beijing, provide punch after punch at the last position of Elena Wu.
3. Fake meat startups go to court
Food industry executives are closely watching the patent between Impossible Foods, one of the first plant-based meat producers, and Motif FoodWorks. Dispute centers on the protein molecule designed to make plant foods resemble beef burgers.
4. The US Congress has called for the regulation of stablecoins
Pat Toomey, a senior Republican on the Senate Banking Committee, sounded the alarm over the fast-growing stablecoin industry, warning that “bad things happen”If the $ 180 billion popular cryptocurrency market is not regulated soon.
5. NASA fights asteroid strikes
The existential threat from asteroids and comets, reflected in films such as Armageddon and Don’t look up, of course, since scientists showed in the 1980s that a strike 65 million years ago destroyed dinosaurs. Now NASA is preparing for this smash spaceship to a distant asteroid at 23,000 km / h to distract it.
Technical tools – portable lamp Tala’s Muse
FT Weekend looked on the safest for wildlife ways to light your garden. LEDs can actually be more harmful to insects than traditional sodium lamps if they emit white and blue light. Warm white is better for the human eye and much less destructive to wildlife.
Another way to make sure you light your garden only when necessary is to invest in portable lamps – for example New Lanterns Muse Tala, having a 24-hour battery life and a USB charging point. An added benefit of portability is that you can dine in different parts of your garden without the need for constant lighting. Very warm, dimmed light (LED lights Tala with possible smoke) allows you to enjoy the intricacies of your garden at night.