Jan 30, 2017 - Economy

Tech sector nosedives as stocks struggle with Trump ban

Richard Drew / AP

The stock market as a whole is falling rapidly in the wake of Trump's immigrant ban, and the tech sector is following the same trendline.

Bloomberg's global technology tracker — which according to their reporters follows the world's most major tech companies — reveals that 90% of the 20 most influential tech stocks are plummeting as they try to deal with the fallout from Friday's executive order.

Why this matters: The tech industry is in freakout mode as it struggles with the threat of Trump limiting their outsourcing jobs or shutting down the H-1B visa program they use to recruit talent from overseas — and the market reflects that.

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