Why Cybersecurity Stocks Plunged Today
Shares of prominent cybersecurity companies have plunged today amid ongoing market volatility related to the novel coronavirus pandemic. Major indexes have been gyrating wildly, even after the Federal Reserve said it would inject $1.5 trillion into capital markets through open-market Treasury purchases. As of 1:45 p.m. EDT, here's how these cybersecurity stocks were faring:
Somewhat ironically, cybersecurity companies could actually see heightened demand as many organizations urge employees to work remotely in response to the crisis, which could increase security risks. Still, investors are panicking over the possibility that the viral pandemic will push the global economy into a recession.
Image source: Check Point Software.
Source Fool.com
