Over the past few weeks, many companies imposed sanctions on Russia in an effort to halt Russia’s military activities in Ukraine. Despite the losses incurred by these companies, on Tuesday, other major names in the field joined the wave of sanctions. How could this affect their stocks?
Investors are anticipating some major big tech earnings releases set for the coming days. Some of the big tech companies include IBM, Microsoft, AT&T, and Tesla. In mid-November 2021, rising interest rate fears and inflation concerns deterred investors from software companies, which sent scores of prior outperformers into correction territory.