Shares of Booking Holdings (NASDAQ: BKNG) fell as much as 7.9% in trading today as the market took a nosedive and tech stocks magnified broader losses. Shares closed Monday near their low, dropping 7.8% in a brutal start to the week.
The market overall tumbled on continuing fear about inflation, rising interest rates, and a possible recession. There wasn't any significant economic data out today, but earnings have generally been weak recently, and investors are moving out of risky stocks and into safer investments.
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Why Booking Holdings Shares Plunged 7.8% Today