Tech stocks are facing significant pressure on December 27, 2024, as market sentiment turns bearish amid a broader sell-off in the technology sector. The downturn is largely attributed to concerns over potential regulatory changes and the impact of rising interest rates on high-growth tech companies. Investors are also reacting to recent earnings reports that have failed to meet market expectations, further dampening enthusiasm for tech stocks. Additionally, geopolitical tensions and supply chain disruptions continue to weigh on investor confidence, exacerbating the sector's volatility.
The Destiny Tech100 Inc. ETF (DXYZ) has seen its price fall to $64.85, marking a 4.63% decrease from the previous close.