Why Square, Fastly, Zuora, GoDaddy, and Open Text Stocks Plunged Today
The Federal Reserve's announcement that it would pump $1.5 trillion into financial markets has done little to calm stocks, which continue to gyrate wildly. The news only led to a temporary spike in the major indexes before selling pressure quickly resumed. Here's where several prominent tech stocks are standing as of 3 p.m. EDT:
Given the lack of company-specific news, the viral pandemic remains the clear driver of volatility. Investors fear a global recession and are seeking shelter in safer investments like Treasury securities.
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Source Fool.com