US tech shares sell off as bitcoin soars above $11,000 - News Summed Up

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US tech shares sell off as bitcoin soars above $11,000


On Wall Street, the Dow Jones index ended up 0.4 percent at a second straight record high of 23,940.68. "Wednesday's technology sell off wasn't fueled by a particular catalyst, rather, it was the result of investors dialing back their technology holdings following an impressive year-to-date run," said Briefing.com. The pound rallied on reports that Britain and the EU were close to an agreement on a breakup deal. But the stronger pound, along with weakness in petroleum-linked shares ahead of Thursday's OPEC meeting, pressured the FTSE in London, which lost 0.9 percent. The virtual currency, which has plowed to continuous records in recent weeks, finally broke $10,000 Tuesday on another volatile day.


Source: The Nation Bangkok November 30, 2017 00:07 UTC



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