Stocks plunge, with the Dow dropping more than 800 points as tech shares snap a 10-day win streak

  • 📰 CNBC
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Stocks fell sharply on Thursday, retreating from all-time highs as tech — the market leader since the rebound began in late March — suffered its biggest drop in months. The Dow fell 2.79%. The S&P 500 was down 3.52%. The NASDAQ fell 4.96%.

Shares of beaten-down companies that would benefit from the economy reopening rose, bucking tech's negative trend. Cruise operator Carnival advanced 5.2%. Macy's popped nearly 8%.

Since late March, the S&P 500 is up more than 50% and the Nasdaq has rallied over 60%. The Dow has surged more than 50% in that time. To be sure, some analysts think it may be time for the market to consolidate some of its recent sharp gains.

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:

 /  🏆 12. in BUSİNESS
 

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

Tech companies fell cos China will retaliate on US banning Chinese apps. The top customer of US tech companies is China! the media never reports on facts these days!

Fake Stock Market Rally Engineered By The Fed. It’s all lie, they are looting people and taking their money by fake Wall Street stock.

Relax.

no fair

They will all be in trouble later!

Business Business Latest News, Business Business Headlines

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

Dow Jumps Over 150 Points As Stocks Continue Record RunStocks continued their strong start to what is historically a bad month for markets. The Dow which has been down for more than a month? That one?
Source: Forbes - 🏆 394. / 53 Read more »

Dow Jumps Over 150 Points As Stocks Continue Record RunThe Dow jumped over 150 points today as stocks continued their strong start to September by skleb1234 skleb1234 Trump gains in polls, investors open the wallet.... skleb1234 The poor stay poor the rich get rich, InTrumpsAmerica skleb1234 Tomorrow realDonaldTrump will claim this as done by his little and invisible hands
Source: Forbes - 🏆 394. / 53 Read more »

Dow Jumps 450 Points As Stocks Continue Record RunStocks continued their strong start to what is historically a bad month for markets. skleb1234 Thank you President Trump! skleb1234 So should i buy TSLA stocks or not? skleb1234
Source: Forbes - 🏆 394. / 53 Read more »

Dow plunges more than 700 points as tech stocks falterHeavyweights such as Apple, Amazon, Facebook, and Microsoft all saw steep losses. Sounds like Americans just went broke I will provide you flat, minimalist, modern, logo design .professional and clean design, I will provide you high quality and all fike format you want. Click here to order now: Tk Later
Source: NBCNews - 🏆 10. / 86 Read more »