News Formal

Tech stocks sink again, Nasdaq has worst month since 2008

  • 📰 AP
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

BREAKING: More steep losses for technology stocks pushed the S&P 500 down 3.6% on Wall Street. The Nasdaq fell 4% for the second time this week and finished April down 13.3%, its biggest monthly loss since the 2008 financial crisis.

A pedestrian walks past the New York Stock Exchange, Monday, Jan. 24, 2022, in New York. Stocks are falling in early trading on Wall Street Friday, April 29, putting major indexes back into the red for the week after several sharp moves both up and down.

The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology added to Wall Street’s losses in April, leaving the S&P 500′s with its biggest monthly skid since the start of the pandemic. The Nasdaq composite, heavily weighted with technology stocks, bore the brunt of the damage this month, ending April with a 13.3% loss, its biggest monthly decline since the 2008 financial crisis.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nasdaq Futures Slide as Amazon and Apple Retreat After EarningsNasdaq 100 futures fell Thursday evening following an extravaganza of Big Tech earnings, with disappointments from Amazon and Apple.
Source: nbcchicago - 🏆 545. / 51 Read more »

What to Watch Today: Nasdaq Futures Soar as Stocks Look to Get Back on TrackNasdaq futures bounced nearly 2% on Thursday. Dow and S&P 500 futures were also higher. Thanks. The richest 10% of the population that owns 89% of all stock will be thrilled.
Source: nbcchicago - 🏆 545. / 51 Read more »

5 Things to Know Before the Stock Market Opens FridayU.S. stock futures fell Friday, with the tech-heavy Nasdaq set to open down 1% as Amazon and Apple sank in the premarket.
Source: NBCDFW - 🏆 288. / 63 Read more »