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Read more about Wall Street drops as big tech stocks including Apple, Amazon retreat on Business Standard. Microsoft Corp, Apple Inc and Amazon.com Inc dropped, weighing more than any other stocks on the S&P 500
Wall Street ended sharply lower on Thursday, leaving the Nasdaq down nearly 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields.
* U.S. private payrolls rise less than expected in Feb * Financials and energy among rising sectors * Indexes: Dow +0.17%, S&P 500 -0.69%, Nasdaq -2.10% March 3 (Reuters) - The Nasdaq fell sharply on Wednesday as investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery on the back of fiscal stimulus and vaccination programs. Microsoft Corp, Apple Inc and Amazon.com Inc dropped more than 1% each, weighing more than any other stocks on the S&P 500. Energy, financial and industrial stocks gained between 0.8% and almost 3%. The...
Wall Street ended sharply lower on Thursday, leaving the Nasdaq down nearly 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields.
The Australian share market loses ground as top companies trade ex-dividend following another sell off of overvalued technology giants on Wall Street.