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Sep 4, 2020

Inside that sharp drop in U.S. tech stocks

The tech giants that have led market rallies since the pandemic lows of March had a rough Thursday. Let’s put that in perspective. Plus, state revenues are down, foreshadowing layoffs. And, why we’re seeing more demand for industrial real estate.

Inside that sharp drop in U.S. tech stocks — Spencer Platt/Getty Images

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Segments From This Episode

Tech stocks drag down the market Thursday
The S&P 500 saw its worst one-day drop in nearly three months. Apple saw $180 billion erased from its market valuation. Marketplace’s Nova Safo reports.
For state workers, revenue decreases mean job cuts
by Andy Uhler
Andy Lyons/Getty Images
In Texas, leaders have already asked some departments to trim their budgets.
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Warehouse space is in demand
by Bradley George
Drew Angerer/Getty Images
One Florida county has been seeing a warehouse construction boom since before COVID-19.
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Music from the episode

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director