It’s time for a market update and we’re diving into why stocks are down on Tuesday!
The big news that investors need to know about is interest rates. Plans from the Federal Reserve to increase interest rates in the coming months are hampering the stock market as investors flee growth stocks.
That’s nothing new, though. The stock market has been taking a beating for the last week on that revelation. Even so, it doesn’t mean investors are going to stop worrying about it any time soon, which means the market is still being affected by it.
Of course, another concern that some investors have is the Covid-19 Omicron variant. While milder than other variants, there are still concerns that Omicron will have a negative effect on businesses, which is affecting the stock market as well.
Another bit of news worth noting this morning comes from Goldman Sachs (NYSE:GS). The company released its most recent earnings report and investors weren’t happy about it missing Wall Street’s estimates.
It’s also worth checking in on tech stocks when looking at why the stock market is down on Tuesday. The tech sector isn’t performing well with many big names in the space seeing their shares slip. That includes Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOGL) all seeing their shares fall lower today.
Investors looking to keep their finger on the pulse of the stock market will want to keep reading!
We’ve got all the most recent stock market news that traders need to know about for Tuesday! Among that is a Vinco Ventures (NASDAQ:BBIG) stock short squeeze, Blink Charging (NASDAQ:BLNK) signing a deal with General Motors (NYSE:GM), as well as NeuroMetrix (NASDAQ:NURO) rising on FDA news. You can learn more about these matters by checking out the following links!
More Friday Stock Market News
- BBIG Stock Alert: How High Can Investors Squeeze Vinco Ventures?
- BLNK Stock: 9 Things for Blink Charging Investors to Know About the GM Deal
- NURO Stock: Why NeuroMetrix Investors Are Feeling No Pain Today
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.