Tech sell-off drags stocks lower, pulling market below highs

May 11, 2021 · A sell-off in technology companies dragged stocks lower on Wall Street Monday, pulling the major indexes back from their recent all-time highs. Tech sell-off drags stocks …

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Tech Sell-off Drags Stocks Lower, Pulling Market Below Highs

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May 10, 2021 · A sell-off in technology companies dragged stocks lower on Wall Street Monday, pulling the major indexes back from their recent all-time highs. The S&P 500 fell 1% after …

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Tech Sell-off Drags Stocks Lower, Pulling Market Below Highs - USA …

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May 10, 2021 · A sell-off in technology companies dragged stocks lower on Wall Street Monday, pulling the major indexes back from their recent all-time highs. The S&P 500 fell 1% after …

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Tech Sell-off Drags Stocks Lower, Pulling Market Below Highs

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A sell-off in technology companies dragged stocks lower on Wall Street Monday, pulling the major indexes back from their recent all-time highs. The S&P 500 fell 1% after wobbling between …

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Tech Sell-off Drags Stocks Lower, Pulling Market Below Highs

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A sell-off in technology companies dragged stocks lower on Wall Street Monday, pulling the major indexes back from their recent all-time highs. The S&P 500 fell 1% after wobbling between …

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Tech Sell-off Drags Stocks Lower, Pulling Market Below Highs

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A sell-off in technology companies dragged stocks lower on Wall Street Monday, pulling the major indexes back from their recent all-time highs. The S&P 500 fell 1% after wobbling between …

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Tech Sell-off Drags Stocks Lower, Pulling Market Below Highs

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A sell-off in technology companies dragged stocks lower Monday on Wall Street, pulling the major indexes back from their recent all-time highs. The S&P 500 fell 1% after wobbling between …

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FAQs about Tech sell-off drags stocks lower, pulling market below highs Coupon?

Are tech stocks a drag on the market?

Amid widespread excitement about the potential of artificial intelligence (AI), the tech sector has driven much of the market’s gains this year. As of late June, the Magnificent Seven accounted for 75 percent of the S&P 500’s gains, according to Axios. However, the tech stocks have also been a drag on the market in recent weeks. ...

How did Tech drag down the NASDAQ?

Tech drags down Nasdaq U.S. markets were mixed Monday. The S&P 500 and Dow Jones Industrial Average rose, but the Nasdaq Composite fell amid a broad tech sell-off. Asia-Pacific markets mostly traded higher Tuesday. China's CSI 300 climbed around 2.7% and Hong Kong's Hang Seng index added 2.3%. ...

Are tech stocks a drag on the S&P 500?

As of late June, the Magnificent Seven accounted for 75 percent of the S&P 500’s gains, according to Axios. However, the tech stocks have also been a drag on the market in recent weeks. After lackluster earnings reports from Alphabet and Tesla in late July, the S&P 500 and the Nasdaq composite both fell to multiweek lows. ...

Which tech stocks slid a lot at the start of trading?

Tesla opened 10.9 percent down, while Apple slid 9.6 percent, and Amazon fell 8.2 percent at the start of trading. Meta, the parent company of Facebook and Instagram, opened 7.6 percent down, while Google parent Alphabet dipped 6.8 percent. Microsoft saw the least volatility out of the major tech stocks, falling 4.8 percent at market open Monday. ...

Why did tech stocks underperform on Monday?

Tech stocks underperformed on Monday as investors took profit on the victors of 2024 and looked for this year's winner. The tech-heavy Nasdaq Composite lost 0.38%. Big tech names popular with investors broadly fell in Monday's session. ...

Is the Fed too late for a tech sell-off?

“The perfect storm panicked tech sell-off has now gained steam after the weaker jobs report yesterday fueled the R word fears and worries the Fed is now too late in its cutting cycle with tech stocks in the center of this Category 5 storm sell-off,” analysts from Wedbush Securities wrote in a research note Saturday. ...