Why Unity Stock Sank Today
Unity Software (NYSE: U) stock ended Tuesday's trading session down roughly 6.4%. With the U.S. recording a record number of confirmed coronavirus cases amid the spread of the omicron variant, investors are taking a more cautious stance on growth-dependent tech stocks.
The tech-heavy Nasdaq Composite index ended the session off 1.3%. While there wasn't any company-specific news factoring into the pullback for Unity's share price, it's not surprising to see the growth stock lose substantial ground amid the backdrop of market volatility.
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Source Fool.com
