Why Twilio, Pinterest, and Peloton Stocks Fell Sharply Thursday | 04.03.21 | finanzen.at

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04.03.2021 20:28:00

Why Twilio, Pinterest, and Peloton Stocks Fell Sharply Thursday

Many tech stocks were hit hard on Thursday. And growth stocks like Twilio (NYSE: TWLO), Pinterest (NYSE: PINS), and Peloton Interactive (NASDAQ: PTON) were hit even harder. As of 1:15 p.m. EST, these stocks were down 7.1%, 8.4%, and 6%, respectively.These losses extend a beating they've taken in recent weeks as the overall market has declined. The market sell-off has been particularly unkind to many of the growth stocks that surged in 2020.Highlighting how a bearish day in the overall market weighed on these stocks, the S&P 500 was down 1.4% at the time of this writing and the tech-heavy Nasdaq Composite was down about 2.4%.Continue reading
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