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

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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.

 

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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!

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