Wall Street Closes Sharply Lower, Tech Leads Late Selloff - News Summed Up

Wall Street Closes Sharply Lower, Tech Leads Late Selloff


(Reuters) - Wall Street closed sharply lower Tuesday, with each of the major U.S. indexes suffering their fourth decline in five sessions, fueled by a selloff in the tech sector. Tech stocks, among the best performing sectors of the bull market, have been under pressure recently as concerns about government regulation stemming from their strong growth and privacy questions surrounding Facebook. "It seems so open-ended, there is a lot of risk here and investors don’t like uncertainty and this is the definition of uncertainty." Advertisement Continue reading the main storyFacebook shares dropped 4.9 percent at $152.22 and is down nearly 15 percent for the month. The Nasdaq Internet index saw its worst daily percentage drop since June 2016.


Source: New York Times March 27, 2018 14:12 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */