Stocks end lower as tech swoon persists, Tesla in historic drop

Each of the 11 major S&P sectors were lower, led by declines in technology and energy. Reports on Friday that SoftBank made significant option purchases during the run-up in U.S. stocks added to investor nervousness.

The Dow Jones Industrial Average fell 632.42 points, or 2.25%, to 27,500.89, the S&P 500 lost 95.12 points, or 2.78%, to 3,331.84 and the Nasdaq Composite dropped 465.44 points, or 4.11%, to 10,847.69.Media reports of SoftBank’s option purchases also reminded investors that market makers might have billions of dollars’ worth of long positions as hedges against options trades.

JPMorgan Chase & Co fell 3.48%, after a report it was probing employees who were allegedly involved in the misuse of funds intended for COVID-19 relief. The wider banks index lost 3.44%, also tracking Treasury yields. General Motors Co jumped 7.93% after it acquired an 11% stake worth $2 billion in U.S. electric-truck maker Nikola Corp. The truck maker’s shares surged 40.79%.

BILLIONAIRE-FRIENDS CAN'T SUSTAIN THE HELP THEY EXTENDED, BECAUSE THE ECONOMY IS NOT ABOUT THEM. THEIR BILLIONS CAN'T HIDE THE FACT THAT MILLIONS LOST THEIR JOBS, BUSINESSES ARE LOSING MONEY AND A LOT HAVE CLOSED DOWN. ADDRESS THE VIRUS, THEN THE ECONOMY BECOMES HEALTHY AGAIN.

Expected since May. Don’t you remember?

Just the beginning. get ready for a bumpy ride folks.

The stock market goes down every time the FAKE NEWS MEDIA report Joe Biden will win the Presidential election. The stock market will crash if Joe Biden wins. Parents will be moving into their children's homes.

BREAKING: President Trump diagnosed with chronic 'Diarrhea of the mouth'. Doctors say it's due to having shit for brains!

Congress won't stimulate the economy so it's going down, confidence is going down and Congress refuses to act

South Africa South Africa Latest News, South Africa South Africa Headlines

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

What to watch today: Nasdaq futures plunge as tech stocks continue to sinkTech stocks continued their rout, with Nasdaq futures tracking for an over 3% decline at Tuesday's open.
Source: CNBC - 🏆 12. / 72 Read more »

Another ugly day for stocks as Nasdaq tumblesAll three major US stock indexes open in the red at the start of the shortened Labor Day trading week Its gonna crash. China gonna cash out their bonds Market adjustments are natural when Wallstreet looks nothing like Mainstreet, Fall. anyone in need of a stay-at-home job where you can earn $200-$500 weekly?
Source: cnnbrk - 🏆 393. / 55 Read more »

Dow drops 600 points as tech stocks fall again, Nasdaq down 10% in 3 daysIt was another rough day for the market as tech shares faced pressure following their worst sell-off in more than five months last week. Here's how the major averages performed: - The Dow fell 632 points. - The S&P 500 lost 2.78%. - The Nasdaq fell 4.1%. Weird how Trump never talks about the stock market when it loses big. But then acts like he's making it rain money whenever it recovers what it lost as if it never went down to begin with. Kinda like he claims to have created millions of jobs recently from the recently lost jobs.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves in the premarket: Tesla, Disney, Peloton, Wells Fargo & moreThe stocks making the biggest moves in premarket trading include Tesla, Disney, Peloton, Wells Fargo, and more.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves midday: Tesla, Nikola, Disney, Apple and moreThese are the stocks posting the largest moves in midday trading. Fuck Tesla Gold Shortages are upon us. Buy your bullion now. Every government is printing Billions and Trillions. Inflation hedge is GOLD. Gold companies like Sandstorm Gold are going to be making SO much $$$ at $1700+ gold prices...
Source: CNBC - 🏆 12. / 72 Read more »