learn more today. we listen. because platforms this innovative, aren t just made for traders - they re made by them. thinkorswim trading. from td ameritrade. it s time now for business before the bell with cnbc s dominik chu, what are you following this friday morning? we have movement on the legislative front with regard to regulating big tech companies this time from amy klobuchar, she s put forth a bill meant to target internet and social media companies spreading misinformation about medical
seeing big losses today. cnbc s dominik chu joins us with more. we talked about three major causes for the drop today. would you say one is the overriding concern here? you hit the nail on the has. there are many cross currents at play right now. the one a lot of traders and investors are focused on is likely going to be that slowing momentum, that downside move in technology stocks. and the reason why is because technology, internet, media related stocks make up a huge portion of the u.s. stock market. as those particular stocks start to lose steam it drags down the whole market with it. so as we watch technology, we watch media companies, those are the ones in key focus. and also china. that s going to be a big one as well because so much of that technology and internet trade is driven around what s happening with trade with china as well. so all of these things are at play right now. the one other thing i d say that a lot of traders are focused on in the rising interest rate side