Tech Stocks Tank, Power Mover 7/11/24

from Power Lunch · host CNBC

What appeared to be a CPI-rally has faded, as the tech-heavy Nasdaq is sinking nearly 2%. What are tech stocks selling off on soft inflation data? We’ll dig into that.Plus, shares of energy storage player Quantumscape are surging on a landmark new agreement with Volkswagen’s battery company. We’ll speak to the CEO about that and more. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What this episode covers

What appeared to be a CPI-rally has faded, as the tech-heavy Nasdaq is sinking nearly 2%. What are tech stocks selling off on soft inflation data? We’ll dig into that. Plus, shares of energy storage player Quantumscape are surging on a landmark new agreement with Volkswagen’s battery company. We’ll speak to the CEO about that and more.

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Tech Stocks Tank, Power Mover 7/11/24

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This episode was published on July 11, 2024.

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