The Appen Ltd (ASX: APX) share price is lagging the market on Tuesday despite the company's silence.
However, it's not alone in its suffering. The former S&P/ASX 200 Index (ASX: XJO) stock is joined in the red by many of its fellow tech shares.
At the time of writing, the Appen share price is $5.91, 7.22% lower than its previous market close.
For context, the ASX 200 is currently up 0.61% while the All Ordinaries Index (ASX: XAO) has gained 0.62%.
Let's take a closer look at what's going on with Appen and its peers today.
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What's pushing the Appen share price down?
The Appen share price is suffering alongside many of the market's best-known tech stocks today.
It follows on from a grim Monday on Wall Street that saw the tech-heavy Nasdaq Composite slip 0.72%.
The S&P 500 also slid 0.3% while the Dow Jones Industrial Average fell 0.2% overnight.
Following in Wall Street's footsteps, the S&P/ASX 200 Information Technology Index (ASX: XIJ) is down 0.8% right now.
That makes it the second-worst performing sector behind the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ).
It's not just ASX 200 tech shares struggling on Tuesday. The broader tech sector is falling, with the S&P/ASX All Technology Index (ASX: XTX) exhibiting a 1.23% slump.
The ASX 200 tech sector is being dragged down by shares in Life360 Inc (ASX: 360), EML Payments Ltd (ASX: EML), and Megaport Ltd (ASX: MP1). They've slipped 6.4%, 5.8%, and 6% respectively.
ASX 200 tech favourites Novonix Ltd (ASX: NVX) and Block Inc (ASX: SQ2) are also down 5.8% and 3.9% respectively right now.
Today marks a major reversal for the Appen share price. It posted a 13% gain over the three previous sessions.
It's also 12% higher than it was before it was dumped from the ASX 200 last Monday.
