Here's Why Pinterest, Teladoc, and Zoom Are Falling Tuesday
The stock market was having a rough day on Tuesday, with all three major averages in the red. At 1 p.m. ET, the Dow Jones Industrial Average, S&P 500, and the Nasdaq Composite were all lower by 1.5% or more.
Some of the most popular high-growth stocks in the technology sector were performing even worse. Social media stock Pinterest (NYSE: PINS) was down by about 2.5%, videoconferencing leader Zoom Video Communications (NASDAQ: ZM) had fallen by nearly 5%, and telemedicine company Teladoc Health (NYSE: TDOC) had declined by almost 6%.
What's more, all three of these stocks were higher shortly after the market opened, and abruptly reversed course midmorning.
Source Fool.com
