https://techcrunch.com/2020/05/04/tech-stocks-open-lower-ahead-of-another-busy-earnings-week/

The optimism that confounded many in April may be slipping in May, as stocks fell during Friday’s trading session and are down again this morning.

The tech-heavy Nasdaq Composite is off 0.55% this morning, putting it 13% off its record highs set this year, but also up 29% from its 52-week lows it set directly following those highs. Niching down to SaaS and cloud stocks, the Bessemer-Nasdaq cloud index is off 0.85% today, after shedding nearly 3% in last week’s final trading session.