47 days ago • Posted by William Ramstein

Nasdaq fallout suggests tech rotation still underway

The Nasdaq Composite Index dropped 261.61 points, or 1.9%, to 13633.50, stung by declines in shares of semiconductor companies, along with big tech stocks including Apple, -3.54% Facebook -1.31% and Alphabet -1.71% The S&P 500 slid 28 points, or 0.7%, to 4164.66. The Dow Jones Industrial Average eked out a slight increase after trading lower for most of the session, up 19.80 points, or 0.1%, to 34133.03.

Source: WSJ