Long-time tech analyst Mark Mahaney tells Yahoo Finance Live reopening stocks could soon be worth a second look after a steep sell-off.
The variant in question is called omicron. At this point, it is difficult to know what impact omicron will have on the worldwide economy, but it seems to have spooked investors already, at least momentarily. Two such companies are Moderna (NASDAQ: MRNA) and Netflix (NASDAQ: NFLX).
(Bloomberg) -- From Elon Musk’s Tesla Inc. to Reed Hastings’ Netflix Inc., tech firms led by their founder have mostly beaten the broader market by a huge margin. Twitter Inc. has always been an outlier.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s CroniesReliving the New York Subway Map Debate‘Pension Poachers’ Are Targeting America’s Elderly VeteransMonday’s news that Jack Dorsey is stepping down as chief executive officer of the social media company comes