Tech Stocks Slump as Bitcoin Plummets, Consumer Confidence Drops
Tech stocks logged more losses as uncertainty over tariffs and risks to Nvidia took hold. Consumer confidence plummeted in February, notching its biggest monthly decline in nearly four years as 12-month inflation expectations jumped and recession fears escalated. The tech-heavy Nasdaq Composite finished the volatile trading day down around 1.3%, dragged down by shares of Magnificent Seven players like Nvidia and Tesla.
- As market volatility intensifies, investors are forced to confront the limits of their risk tolerance, raising fundamental questions about how they can remain informed and engaged in a rapidly changing economic landscape.
- What role will sustainable investing strategies play in mitigating the adverse effects of tech stocks' sharp declines on consumer confidence and overall economic sentiment?