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Dow closes more than 250 points higher, but Nasdaq slides as investors rotate out of tech stocks

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The Dow closes more than 250 points higher, but the Nasdaq slides as investors rotate out of tech stocks.

struggled amid a sharp decline in major tech names. The S&P 500 closed 0.1% lower at 3,545.53 and the Nasdaq slid 1.4% to 11,553.86.

Amazon shares fell 3.5% after falling 5% on Monday. Zoom Video dropped 9%, adding to its 17% decline from Monday. Alphabet and Microsoft lost 1.4% and 3.4%, respectively.

 

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