How domain stocks have fared in the market rout

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

Donald Trump announced 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 companies like domain registrars and hosting companies 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.

However, these companies 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 company owns a broadband company 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.