Tech stocks may pull out of their nosedive, but the sector won't return to its pandemic-era highs even when the Fed eases rate hikes
Tech stocks may pull out of their nosedive, but the sector won't return to its pandemic-era highs even when the Fed eases rate hikes
- December 11, 2022
- Bill Maurer, anthropology and law, Markets Insider, Dec. 11, 2022
Bill Maurer, anthropologist and a technology and finance expert at UC Irvine, noted that speculation in the market may have caused complacency among tech firms themselves. While the pandemic's stay-at-home orders supercharged consumers' demand for tech, recent product releases haven't been very exciting. … Tech stocks have been wounded partly from that waning enthusiasm, and the complacency in innovation needs to change in order for the industry to keep advancing and draw investors, according to Maurer.
For the full story, please visit https://markets.businessinsider.com/news/stocks/tech-stock-outlook-bubble-nasdaq-highs-inflation-fed-interest-rates-2022-12.
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Share on:
Related News Items
- On the move: Orange County United Way welcomes new chair for its United for Financial Security Leadership Council
- Reflecting on the assets and needs of Orange County's Asian American & Native Hawaiian and Pacific Islander communities
- A cap on credit card fees would hurt department stores most
- Maurer named chair of Orange County United Way United for Financial Security Leadership Council
- As money moves digital, Denver Mint still coins a pretty penny
connect with us