The U.S. Federal Reserve raised the price of money once again yesterday. Investors expected the move, but shares dove after the Fed declined to tell investors that it intends to slow the pace at which it raises interest rates in the future, as some had hoped.
While shares of many U.S. companies fell in the wake of the news, tech stocks took a particular whacking.
And then a few tech companies reported earnings. You have to feel for them to some degree — reporting earnings during a down cycle for your sector right after market conditions just became more difficult is not the stuff of CEO dreams. The opposite, really.
The Exchange explores startups, m …
