View full page at forexfactory.com

 

Nasdaq Falls Most Since 2011 as Tech Selloff Resumes

From bloomberg.com

U.S. stocks fell, with the Nasdaq Composite Index (CCMP) sinking the most since 2011, as technology shares resumed a selloff on concern valuations are too high. Treasury rates sank to a three-week low on speculation interest-rate increases won’t be accelerated. The Nasdaq Composite Index sank 2.9 percent at 2:58 p.m. in New York, the biggest rout since November 2011. The Standard & Poor’s 500 Index lost 1.7 percent, the most since Feb. 3. The 10-year Treasury note fell six basis points to 2.63 percent. The Bloomberg Dollar Spot Index declined to a five-month low and the yen strengthened on a surprise drop in ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News