Marketplace®

Daily business news and economic stories
May 10, 2022

Big Tech is taking big hits as Wall Street enters a sixth week of uncertainty

We consult Lindsey Piegza of Stifel as the markets, especially the tech-filled Nasdaq, are reeling from a selloff that’s been going on for five weeks. What’s going on? Also, we look into why oil appears to be cheaper, but not the retail gasoline we’re buying at the pump. And, banks are keeping an eye out for signs of future loan defaults as consumer credit is on the rise.

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Wall Street is the iconic location of the American stock market, and the Dow Jones Industrial Average is the market's iconic index of household-name companies.
Wall Street is the iconic location of the American stock market, and the Dow Jones Industrial Average is the market's iconic index of household-name companies.
Stan Honda/AFP via Getty Images

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