Why Teladoc Health Stock Is Tumbling This Week
Shares of Teladoc Health (NYSE: TDOC) were tumbling 12.1% this week as of the market close on Thursday, according to data from S&P Global Market Intelligence. The decline came as the stock market fell over the past few days.
One key reason behind the stock market's decline was concern about the emergence of the omicron variant. Another factor causing growth stocks in particular to sink was the fact that the minutes from the Federal Open Markets Committee's November meeting revealed that the Federal Reserve could raise interest rates sooner than expected to fight inflation. Many high-growth companies rely on debt to generate capital. Higher interest rates can result in higher interest expenses and lower profits.
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Source Fool.com
