DXC Technology Co

The broader indices are bleeding today, and tech stocks are also trading in the red. Should you be worried about a looming recession?

DXC Technology shares are trading over 14% in the early market today. The company announced its results for the second quarter of 2020 yesterday.

Several tech stocks declined significantly on September 27, 2019. These declines spooked the market and investors in the second half of Friday.

The Dow continues to trade just below its all-time high. Analysts are watchful as stocks’ valuations rise, making them expensive at their current prices.

Autodesk (ADSK) shares have fallen 12% in pre-market trading on Wednesday. The company reported revenues of $796.8 million—a rise of 30.2% YoY.

In today’s look at the market movers in the tech sector, Activision Blizzard (ATVI) rose 5% and CrowdStrike (CRWD) fell 5.4% to close at $84.08.

Shares of China’s leading search engine Baidu (BIDU) have been on a tear today. The stock gained 7.8% in after-hours trading today to close at $104.22.

The yield curve inverted yesterday, driving markets down. The DJIA fell 800 points yesterday—its worst performance in 2019—on fears of a looming recession.

Cisco (CSCO) stock fell 8% today after releasing its Q4 results after the market closed yesterday. Cisco reported sales of $13.4 billion, a rise of 6% YoY.

DXC Technology (DXC) was pummeled in early trading after it announced its Q1 results after the market closed on August 8. DXC’s revenue fell 7.4% YoY.

DXC (DXC) stock has fallen 36.2% in the last 12 months, 19% in the last month, and 22.4% in the last three months.

On a constant-currency basis, DXC’s (DXC) digital revenue rose 22% year-over-year in the fourth quarter of 2019.

DXC Tech (DXC) fell 12.5% on November 7 to close at $63.21.