The collapse of stock markets around the world hit technology companies and NDXT hard.
In a day that was marked by financial chaos and sharp stock market falls globally, it seems that technology companies took the brunt, after the shares of companies that are within the group of “Magnificent Seven“, such as Alphabet, Amazon or Tesla, fell by more than 4%, reporting losses in value worth millions.
In this context, the Nasdaq Compositeat its lowest since May, sank 3.43% to 16,200.08 units, while the NASDAQ-100 Technology Sector (NDXT) fell 2.04% to 9,288.31.
The actions of dLocalthe first Uruguayan unicorn and the only national company listed on the stock market, fell 3.36% on Monday, losing 0.24 cents to $6.91.
The Uruguayan company has also fallen by 11.75% in the last five days and by 14.27% in the last 30 days. The fintech’s shares have not been able to recover after negative reports from some risk rating agencies, adding to a series of lawsuits.
dLocal shares continue to fail in New York
Over the past six months, shares of dLocal They plummeted by 56.89%, and so far this year the drop has climbed to 60.17%. The decline is somewhat smaller when measured on an interannual basis, as it is 49.45% compared to the same period last year.
On July 4, 2021, the shares of dLocal They went on the market and closed the day at $34.52. Since then, they have already lost $27.61 (79.98%) and up to 89.83% since their peak reached in September 2021, when they climbed to $67.97.
Source: Ambito
