High-priced tech stocks sink further into bear territory
6 Mar, 2021 07:00 PM
5 minutes to read
Some of the most popular tech stocks have struggled recently. Photo / Getty Images
Financial Times
By: Michael Mackenzie and Eric Platt Some of the hottest technology stocks and funds of recent months have fallen into bear market territory and investors are betting on more turmoil to come, as rising bond yields undermine the case for holding high-priced shares.
A Friday afternoon stock market rally notably failed to include shares in Tesla and exchange-traded funds run by Cathie Wood, the fund manager who has become one of the electric carmaker s most vocal backers.
The Week Ahead Looks Mild
Maybe a little Rain/Snow mix on Tuesday
MTN Weather Center
and last updated 2021-03-06 17:03:53-05
BILLINGS â Full Forecast:
Headlines/Current Conditions (As of 3:00pm Saturday)
Mostly cloudy skies at the moment with temps in the upper 50âs and low 60âs. Very Mild.
Red Flag Fire Warnings in effect for parts of Eastern, Northeastern and Central Montana, including Glendive and Jordan areas till 8pm tonight. Low humidity, winds gusting to around 30mph and warmer temperatures. Please use caution if outside starting a fire in this region.
Red Flag Fire Warnings in effect as well for all of Northeastern Wyoming, including Gillette and the Black Hills areas till 7pm. Again, higher temps, low humidity s and wind gusting up to 45 mph. Please be aware.
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Metro Detroit weather: Chilly Saturday night, a bit wet tomorrow
Lows in the upper 20s and low 30s
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DETROIT – Welcome to Saturday night and February’s final weekend, Motown.
Looks like we’ll make it through tonight and tomorrow with no additional snow. Not one snowflake for the rest of this month; I guarantee it. This means February 2021 will be the 11th snowiest Detroit February on record (climate reports date back to the late 19th century).
It becomes chilly, tonight, then milder tomorrow with some rain. Colder air arrives early next week, but temps rise, again, starting Wednesday.