Why C3.ai Stock Sank Again Today

Shares of C3.ai (NYSE: AI) slumped again on Tuesday, ending the daily trading session down 4.7%. Meanwhile, the S&P 500 index fell 1.4% and the even more-tech heavy Nasdaq Composite index closed out the daily session down 2%. Growth-dependent tech stocks saw an explosive rally last week after Federal Reserve Chair Jerome Powell hinted at a smaller interest rate hike this month, but market sentiment has flipped again early this week -- and renewed expectations for continued macroeconomic pressures have kicked off fresh rounds of bearish trading.