Business
US stock markets fall for the second day amid tech selloff – The Guardian
Selloff appears to be driven by profit-taking as investors cashed in some gains they made on tech stocks during pandemic
US stock markets fell sharply again on Friday then rebounded in a volatile day of trading as investors soured on the high-flying tech companies that had driven markets to record highs.
The S&P 500 fell 3% at the low point on Friday but ended down 0.8% and the Dow Jones Industrial Average, which had fallen 850 points, ended down 0.56%. The tech-heavy Nasdaq Composite retreated 1.27% after regaining morning losses of 5%. All three indexes had dropped significantly on Thursday, their biggest o…
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