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New Zealand Dollar Hit on Rising US Yields, Regulation Risks. More to Go?
Wall Street moved lower during Monday’s US trading session as investors reevaluate government regulatory risks to technology stocks following last week’s chaos on Capitol Hill. The tech-heavy Nasdaq Composite led the move lower with a 1.25% drop. The S&P 500, Dow Jones, and Russell 2000 also sold off with losses of 0.66%, 0.29%, and 0.03%, respectively. Investors are mulling over future regulator actions from government agencies against technology companies. Twitter dropped over 6% following the company’s suspension of President Trump’s account. Many US lawmakers have voiced support for increasing ... (full story)