The Global X Fintech ETF dropped 52% in 2022, above the broader financial sector's 12% drop and Nasdaq Composite Index's 33%, weighed down by interest rates (Peter Rudegeair/Wall Street Journal)
Peter Rudegeair / Wall Street Journal:
The Global X Fintech ETF dropped 52% in 2022, above the broader financial sector’s 12% drop and Nasdaq Composite Index’s 33%, weighed down by interest rates — Higher interest rates and unprofitable business models weigh on the sector — Why Tech Layoffs Don’t Reflect the Job Market
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The post The Global X Fintech ETF dropped 52% in 2022, above the broader financial sector's 12% drop and Nasdaq Composite Index's 33%, weighed down by interest rates (Peter Rudegeair/Wall Street Journal) appeared first on WorldNewsEra.
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