Tech Stocks Show Weakness Amid Uncertain Global Economy
Tech stocks fell sharply on Friday, setting a somber mood for the industry this weekend. The carnage was widespread, with giants taking a stumble — Microsoft, -3.97%; Google, 2.92%; Facebook, -3.95%; LinkedIn, -3.84%; Yahoo, -3.65%; and Alibaba, -3.28% — and newcomers joining in the general mayhem. MobileIron fell 6.92%. ZenDesk was off 8.06%. GoPro dropped 4.63%, Twitter fell 8.84%, And Arista Networks shed 8.96%. (Data: Google Finance.)
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