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12.03.2020 19:44:00

Why Pinterest, Esty, and The Trade Desk Are Falling Hard

Shares of Pinterest (NYSE: PINS), Etsy (NASDAQ: ETSY), and The Trade Desk (NASDAQ: TTD) are tumbling. These stocks all dropped by double-digits in early afternoon trading on Thursday. As of 2:00 p.m. EDT, they were down 13%, 12%, and 11%, respectively. All of the major U.S. stock market indices plunged on Thursday. The S&P 500, Dow Jones Industrial, and Nasdaq were all down by more than 7% at one point. The decline was so severe that it tripped a stock market circuit breaker, which put a temporary stop to trading.The huge sell-off is linked to the worsening news surrounding the novel coronavirus pandemic. As of Wednesday, the World Health Organization stated that the virus has spread to more than 100 countries and has infected over 100,000 individuals.Continue reading
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