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US Markets Wrap: Tech Takes the Hit as Wall Street Loses Its Nerve
Published 7 months, 3 weeks ago
Description
A renewed sell-off in technology stocks pulled the S&P 500 lower and sent the Nasdaq down 1.5 percent, with Advanced Micro Devices among the notable laggards. The Dow managed to rise, but the overall tone remained defensive. Crypto markets mirrored the caution, as bitcoin dropped more than 3 percent after breaking below the $73,000 mark. José Torres, senior economist at Interactive Brokers discusses what investors are concerned about most now.
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