Business & Economy · 6 views
Nasdaq plummets 4% into correction territory, Dow drops more than 1,000 points as traders dump tech stocks: Live updates
The Nasdaq Composite plummeted on Thursday, erasing the sharp gains from the previous session , as investors continued to rotate away from technology stocks and into more defensive areas of the market.
AI Summary
The Nasdaq Composite fell 4.9%, sliding into correction territory and trading more than 10% below last month’s record after investors rotated away from technology stocks. The S&P 500 dropped 3.2%. The Dow Jones Industrial Average lost 1,136 points, a 2.1% decline, as gains from stocks like Chevron and Johnson & Johnson could not offset the tech sell‑off. The Dow erased more than half of its advance from Wednesday’s rally.
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