Tech Stocks Take Another Dive

According to Business Insider, investors are growing concerned with tech companies, leading tech stocks to fall during the opening hours of trading on July 30th.
The Nasdaq Composite was down about 1.5-percent, as the FAANG group of stocks took a dive in morning trading.
Facebook and Netflix were down the most, losing over 4-percent each, while Apple, Google, and Amazon lost over 1-percent each.
The sell-off of tech shares also led the S&P 500's technology sector to decline slightly.
But overall the S&P was down half-a-percent.
Mike Wilson, the chief US equity strategist for Morgan Stanley stated the tech sector is showing signs of exhaustion.