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U.S. tech stock selloff leaves investors eyeing end of rally
A steep drop in technology stocks on Friday, led by Apple's worst plunge in 14 months, has left investors concerned that a rally may be over for high-flying Silicon Valley names that have pushed Wall Street to record highs this year. The S&P 500 information technology index (.SPLRCT) dropped 2.73 percent, with Apple (AAPL.O), Amazon.com (AMZN.O) and Alphabet (GOOGL.O) down more than 3 percent each and the Nasdaq Composite (.IXIC) losing 1.8 percent. The losses in just those three stocks wiped out more than $68 billion in investor wealth.
https://finance.yahoo.com/news/u-tech-stock-selloff-leaves-222138936.html?.tsrc=rss
A steep drop in technology stocks on Friday, led by Apple's worst plunge in 14 months, has left investors concerned that a rally may be over for high-flying Silicon Valley names that have pushed Wall Street to record highs this year. The S&P 500 information technology index (.SPLRCT) dropped 2.73 percent, with Apple (AAPL.O), Amazon.com (AMZN.O) and Alphabet (GOOGL.O) down more than 3 percent each and the Nasdaq Composite (.IXIC) losing 1.8 percent. The losses in just those three stocks wiped out more than $68 billion in investor wealth.
https://finance.yahoo.com/news/u-tech-stock-selloff-leaves-222138936.html?.tsrc=rss
