Baton Rouge, Louisiana
7 Day Forecast
Follow our weather team on social media

Tech stocks continue to pull back, dragging market lower

3 years 2 months 3 weeks ago Tuesday, September 08 2020 Sep 8, 2020 September 08, 2020 9:03 AM September 08, 2020 in News
Source: Associated Press

NEW YORK (AP) — Big technology stocks are opening sharply lower again on Wall Street, continuing a pullback that began last Thursday and Friday.

The tech-heavy Nasdaq index dropped another 2.9% in the early going on Tuesday, the first day of trading after the Labor Day holiday in the U.S. The S&P 500 was down 1.8%.

The deflation in high-flying tech stocks came after an eye-popping rally this year for the sector that many market watchers said was overblown.

The Nasdaq is still up 22% this year versus a 4% gain for the S&P 500. Crude oil prices fell sharply, and Treasury yields dropped.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
7 Days