The market’s freshest technology stocks tumbled on Monday, performing worse than the major indexes and trailing the broader tech sector.
Emerging tech companies have been some of this year’s best performers, but they now trade at revenue and earnings multiples that are significantly higher than their peers. That leaves them vulnerable to bigger drops on days when investors express concerns about the economy. The tech-heavy Nasdaq Composite Index fell just 0.3% on Monday, and the S&P 500 slipped 0.2%….CLICK for complete article
