Stock Market Today – 5/12: Tech Rout Continues As Bitcoin Wobbles, Growth Concerns Weigh

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The Street

By Martin Baccardax Tech stocks are back in the red Thursday as crypto markets wobble amid the collapse of TerraUSD and accelerating bets on near-term Fed rate hikes. U.S. equity futures extended declines Thursday, potentially pulling the Dow into its sixth consecutive slump, as investors continue to shed risk assets in markets around the world amid renewed concerns that central bank tightening, as well as surging inflation, will blunt growth prospects for the global economy. Mega-cap tech stocks lead declines on Wall Street yesterday, with Apple (AAPL) – Get Apple Inc. Report falling another …

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