U.S. Stocks See Further Downside After Early Pullback
WASHINGTON (dpa-AFX) - Stocks have moved sharply lower over the course of the trading day on Thursday, offsetting the rally seen in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq showing a particularly steep drop.
Currently, the major averages are just off their worst levels of the day. The Dow is down 298.97 points or 0.9 percent at 31,662.89, the Nasdaq is down 286.29 points or 2.1 percent at 13,311.68 and the S&P 500 is down 54.31 points or 1.4 percent at 3,871.12.
The sell-off on Wall Street may partly reflect profit taking following yesterday s rally, which lifted the Dow to a new record closing high.
Continued Increase In Bond Yields Leads To Sell-Off On Wall Street
WASHINGTON (dpa-AFX) - Stocks moved sharply lower over the course of the trading session on Thursday, more than offsetting the rally seen on Wednesday. The major averages came under pressure in early trading and saw further downside as the day progressed.
The major averages all saw substantial weakness, with the tech-heavy Nasdaq posting a particularly steep loss. The Nasdaq plunged 478.54 points or 3.5 percent to 13,119.43, its lowest closing level in nearly a month.
The Dow also tumbled 559.85 points or 1.8 percent to 31,402.01 and the S&P 500 plummeted 96.09 points or 2.5 percent to 3,829.34.
Taiwan shares dive below 16,300 points, led by tech stocks
02/24/2021 06:43 PM
CNA file photo
Taipei, Feb. 24 (CNA) Shares in Taiwan took a beating Wednesday, closing below the 16,300-point mark, as the semiconductor sector and other tech stocks followed a downturn of their counterparts in the United States, dealers said.
Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted stock on the local market, led the tech sector s losses, while large-cap old economy stocks weakened after showing some resilience the previous day, dealers said.
The Taiex, the benchmark weighted index on the Taiwan Stock Exchange (TWSE), ended down 230.87 points, or 1.40 percent, at the day s low of 16,212.53, after hitting a high of 16,456.94. Turnover stood at NT$382.96 billion (US$13.78 billion).
Taipei, Feb. 24 (CNA) Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) continued to move lower Wednesday morning, pushing down the broader market after tech stocks faced volatility on American markets overnight, dealers said.
WASHINGTON (dpa-AFX) - After recovering from the sell-off seen early in the previous session, stocks continued to advance over the course of the trading day on Wednesday. With the upward move