The stock market is off to a rocky start in 2022 with the S&P 500 index down 1.9% already. But the high-growth technology sector represented by the Nasdaq 100 index is down more than double that amount, losing 4.5% year to date.
Some technology stocks delivered astronomical gains in 2021, so a pullback is not unexpected. However, that presents an opportunity for investors to buy in at a discount, as might be the case for digital-document innovator DocuSign (NASDAQ: DOCU) . On the other hand, a steep loss can be a signal to head for the exits and cut your losses -- Robinhood Markets (NASDAQ: HOOD) fits that bill.
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For further details see:
Tech Sell-Off: 1 Growth Stock to Buy, and 1 to Sell