Home / Markets / Stock Markets /  Tech stocks face new blow as strong dollar threatens earnings

Tech stocks face new blow as strong dollar threatens earnings

wsj
Large technology companies generate 58% of their revenue outside of the US—the highest share of the S&P 500’s 11 groups, according to FactSet. That makes them particularly vulnerable to fallout from the surging dollar (Photo: AP)Premium
Large technology companies generate 58% of their revenue outside of the US—the highest share of the S&P 500’s 11 groups, according to FactSet. That makes them particularly vulnerable to fallout from the surging dollar (Photo: AP)

Big tech companies, whose shares are already in their worst selloff in years, are particularly vulnerable to a rising dollar

Technology stocks are in the midst of their worst selloff in years. Upheaval in the currencies market might make the rout even worse.

Recommended For You

Trending Stocks

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout