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Why Shopify, Salesforce, and The Trade Desk Stock Fell This Week

Why Shopify, Salesforce, and The Trade Desk Stock Fell This Week

Technology stocks reverted to their old ways this week and were declining as investors grew increasingly concerned that the Federal Reserve's commitment to interest rate increases could end up pushing the economy into a recession. Investors were also responding to less-than-stellar news for Salesforce news this week, and an analyst's downgrade for Shopify's stock. Investors were generally pessimistic as they considered Federal Reserve Chairman Jerome Powell's comments last week.