Tech
The Global X Fintech ETF is down 52% in 2022, higher than the 12% declines of the broader financial sector and 33% of the Nasdaq Composite Index, influenced by interest (Peter Rudegeair/Wall Street Journal)
Peter Rudegeair / The Wall Street Journal:
The Global X Fintech ETF has fallen 52% in 2022, higher than the 12% declines of the broader financial sector and 33% of the Nasdaq Composite Index, influenced by interest rates.— Higher interest rates and unprofitable business models affect the sector — Why tech layoffs don’t reflect the job market
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