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Tech stocks sink again, Nasdaq has worst month since 2008

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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.

 

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