Firoz Valliji

Stay informed with Firoz Valliji’s coverage and analysis for Fortune.

  • NEW YORK, Sept. 3, 2020 &#8212; Pedestrians walk past electronic screens of the New York Stock Exchange (NYSE) in New York, the United States, Sept. 3, 2020.<br /> U.S. stocks plunged on Thursday, as a steep sell-off in tech shares dragged down the market.<br /> The Dow Jones Industrial Average fell 807.77 points, or 2.78 percent, to finish at 28,292.73. The 30-stock index shed more than 1,000 points, or about 3.5 percent, at the lows.<br /> The S&amp;P 500 fell 125.78 points, or 3.51 percent, to end at 3,455.06. The Nasdaq Composite Index sank 598.34 points, or 4.96 percent, to 11,458.10. (Photo by Wang Ying/Xinhua via Getty) (Xinhua/Wang Ying via Getty Images)Commentary

    Here’s what the recent selloff means for software valuations going forward

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