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Why These Software and Internet Stocks Tumbled Today

TheMotleyFool

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Why These Software and Internet Stocks Tumbled TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Shares of Yandex (NASDAQ: YNDX), MicroStrategy (NASDAQ: MSTR), Blackbaud (NASDAQ: BLKB), and Yelp (NYSE: YELP) tumbled on Thursday as the U.S. stock market logged its worst day in decades. Escalating fears surrounding the novel coronavirus pandemic and the associated economic impact pushed the S&P 500 down around 9.5%.

There was no company-specific news for these four software and internet stocks. When the selling is this intense, nearly every stock gets hit. Here's how they fared on Thursday:

Stock

Source Fool.com

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