Stocks have fared in the market rout — How domain

Some domain firms haven’t fallen as much as the broader market.

Picture of stock chart with the words "domain stocks"

Donald Trump disclosed an escalated trade war on April 2. The stock (and even bond and crypto) markets have not looked favorably on the development.

In the four trading days between the market close on April 2 and the market close on April 8, the S&P fell a whopping 12% and the NASDAQ dropped 13%.

You’d think tech firms like domain registrars and hosting firms would fare better than the rest of the market in this scenario since few sell physical goods. Indeed, some domain stocks haven’t fallen as much as the broader market.

Still, these firms could get caught up in the trade war.

Here’s how domain stocks performed between the market close on April 2 and the close on April 8:

Tucows (NASDAQ: TCX): Down 16% (the firm owns a broadband firm as well)
GoDaddy (NYSE: GDDY): Down 10%
Team Internet Group (London AIM: CNIC): Down 10%
Verisign (NASDAQ: VRSN): Down 8%
NameSilo (OTC: URL.CN): Down 2%

The market gyrations continue. As I write this, Tucows is down another 5% today. Verisign and GoDaddy are also down.

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