Tech Companies: Dow Jones and Technology Stocks

tech companies: The results will come after a difficult month for the tech companies, according to The Guardian. Just over two weeks ago, the worst drop in the Dow Jones average in eight months was led by sharp declines in technology stocks, mirrored on the Nasdaq. Microsoft, Alphabet Google's parent Amazon, Snap Inc Snapchat Twitter, Facebook, Apple and Spotify are all scheduled to report quarterly results between now and the start of November, with four of them making their announcements on the same day. That Wednesday, the best-performing stocks over the past year which include the so-called Faang companies Facebook, Apple, Amazon, Netflix and Google took some of the biggest losses. Tech companies tend to be highly leveraged, so can be vulnerable to rising interest rates. Amazon was down 6.2% and Netflix 8.4%. There were several factors contributing to the drop, concerns over trade tensions between the US and China and rising interest rates being the most prominent. (news.financializer.com). As reported in the news.