US EditionStocks Hit by Tech Selloff After Economic Reports: Markets Wrap
Tech stocks decline as institutional investors rebalance amid economic uncertainty; US chip policy changes restrict Chinese firms' access to advanced technology, affecting global markets.
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4 Articles
East Bay Times
Stocks hit by tech selloff after economic reports: Markets Wrap
(Bloomberg/Rita Nazareth) — Wall Street traders drove stocks lower amid a selloff in tech shares that have powered the surge from April’s meltdown. That’s despite economic data that did little to alter bets on Federal Reserve rate cuts, with bonds and the dollar seeing small moves. Equities fell after a rally that drove the S&P 500 to all-time highs. The market is bracing for what has historically been the weakest month for US shares, as institu…
Stocks Hit by Tech Selloff After Economic Reports: Markets Wrap
(Bloomberg) -- Wall Street traders drove stocks lower amid a selloff in tech shares that have powered the surge from April’s meltdown. That’s despite economic data that did little to alter bets on Federal Reserve rate cuts, with bonds and the dollar seeing small moves.
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