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Stocks Open Lower, Led by Tech

Provided by
Dow Jones
By Will Horner and Xie Yu
U.S. stocks and global indexes fell Tuesday after concerns about rising inflation resurfaced, prompting a selloff in highflying technology stocks.
The S&P 500 dropped 1.3% after the opening bell, a day after the broad market index declined 1% from its record closing level. The Nasdaq Composite plummeted 2.2%, and the Dow Jones Industrial Average fell 0.9%.
Investors are betting that inflation is likely to climb steeply in coming months, driven by pent-up spending as well as supply bottlenecks and a leap in commodity prices. A sharp and sustained jump in inflation would erode returns on fixed-income assets and stocks whose valuations rely on future earnings. Some money managers are concerned that it may also prompt the Federal Reserve to pare back its easy money policies sooner than anticipated. ....

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Dow Drops More Than 400 Points As Stock Selloff Extends

Provided by
Dow Jones
By Will Horner, Caitlin McCabe and Xie Yu
Investors around the world retreated from stocks Tuesday as a selloff in technology companies spread to other sectors of the market, leading to broad declines across major U.S. indexes.
The Dow Jones Industrial Average tumbled about 450 points, or 1.3%, in recent trading, on pace for its worst one-day drop since late February. The S&P 500 fell 1%. The Nasdaq Composite lost 0.4%.
Investors have become increasingly concerned about signs of inflation lately, forcing many money managers to pare back their positions in technology stocks. Growth stocks have traded lower for most of the past week, with the Nasdaq Composite down nearly 5% for May. ....

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Stocks Keep Falling, Led by Tech

Provided by
Dow Jones
By Will Horner and Xie Yu
U.S. stocks and global indexes fell Tuesday after concerns about rising inflation resurfaced, prompting a selloff in highflying technology stocks.
The S&P 500 dropped 1% after the opening bell, a day after the broad market index declined 1% from its record closing level. The Nasdaq Composite tumbled 1.2%, extending its losses for the week to 3.7%. The Dow Jones Industrial Average fell about 350 points, or 1%.
Investors are betting that inflation is likely to climb steeply in coming months, driven by pent-up spending as well as supply bottlenecks and a leap in commodity prices. A sharp and sustained jump in inflation would erode returns on fixed-income assets and stocks whose valuations rely on future earnings. Some money managers are concerned that it may also prompt the Federal Reserve to pare back its easy money policies sooner than anticipated. ....

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