48 days ago • Posted by William Ramstein

Innovation fund ARKK gets stung by falling tech stocks

Plunging U.S. real yields -- which strip out the effects of inflation -- failed to stem another 3% fall in Cathie Wood’s ARK Innovation exchange-traded fund (ARKK) Thursday, now in the midst of its worst stretch since 2018. Drops in the likes of Twilio Inc., Zoom Video Communications Inc. and Roku Inc. dragged down the ETF, even as the mega-cap Nasdaq 100 rallied for the first time this week.

Source: Bloomberg

#Funds #Technology