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Wall Street Close: Tech rout takes S&P and Dow into a tailspin – FXStreet
A rout in US equities, led by overheated tech stocks, dominated Wall Street as the big-tech market darlings suffered sharp declines. consequently, th
- Dow Jones Industrial Average lost 811.33 points, or 2.79%,
- S&P 500 dropped 125.96 points, or 3.52%, to 3,454.88.
- Nasdaq Composite fell 598.34 points, or 4.96%, to 11,458.10.
A rout in US equities, led by overheated tech stocks, dominated Wall Street as the big-tech market darlings suffered sharp declines.
consequently, the tech-laden Nasdaq and the S&P 500 SPX had their worst days since June 11, and the Dow DJI, since June 26.
Unofficially, the Dow …
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