Tech stocks continue to pull back, dragging market lower

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Big technology stocks open sharply lower on Wall Street, continuing a pullback that started last week. The deflation in high-flying tech stocks comes after an eye-popping rally this year for the sector that many market watchers said was overblown.

A man walks by an electronic stock board of a securities firm in Tokyo, Monday, Sept. 7, 2020. Asian stock markets were mixed Monday after Wall Street turned in its biggest weekly decline in more than two months.

Dow futures were down 0.2% and the S&P 500 futures 0.8% lower. In Europe, which had rallied on Monday, France’s CAC 40 fell 1.3% to 4,987, while Germany’s DAX was down 0.9% at 12,983. Britain’s FTSE 100 shed 0.2% to 5,924. “There was nothing ‘fundamental’ behind last week’s equity sell-off, but it will most certainly take a while to clear all the option-market after-shocks,” he said.

 

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where's your tweets now, Donnie?

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Nasdaq hits 13000 before us thanksgiving. I betcha

People are reevaluating their position on the future, some companies are invested in the past (old money) and some are looking to the future (priceless time), InvestInHumanity InvestInSpaceX

Market adjustment 101, When Wallstreet doesn't match Mainstreet SHTF

Meanwhile in Chicago .......again

Down with Wall Street. They are criminals anyhow

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