Markets Fall Again as 2 Key Stocks Show Fear of What's Ahead
After a day of calm, stock markets moved sharply lower again on Tuesday, showing nervousness about the potential impact of the new omicron COVID-19 variant. Even with the uncertainty of the ongoing pandemic, Federal Reserve Chair Jerome Powell indicated that a more rapid removal of accommodative monetary policy might be warranted to fight inflation. As of just after noon ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 669 points to 34,467. The S&P 500 (SNPINDEX: ^GSPC) fell 89 points to 4,566, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) dropped 331 points to 15,454.
High-growth tech stocks have been among those getting the greatest amount of attention from nervous investors lately. Given the potential impact of rising interest rates on their valuations, it's been more important than ever for these companies to deliver the results that investors want to see. Later today, Salesforce.com (NYSE: CRM) and Zscaler (NASDAQ: ZS) will deliver their latest readings on their financial success, and based on how the stocks are faring during the regular trading session, shareholders don't seem to be very confident about what the two will say about the future.
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Source Fool.com
