Stock market investors are in a bloodbath. But technology stocks in the past few months have been relatively protected. There was even talk of a “bubble.” Now, recent market activity has sent investors running from equities into safer investments like treasuries.
So what does this mean for upcoming big IPOs like Zynga and Groupon or even Yelp, which is expected to file for an IPO sometime later this year?
A broad sell-off
Concerns about rapidly rising debt in Europe and the United States sent markets into a tailspin, with the tech-heavy Nasdaq Composite Index falling more than 9 percent this week.
The Nasdaq fell through a key level of “support,” a measure that traders use when designing algorithmic trades.
(more of the article)
Posted by News Sources
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