US Stocks Close: Three Major Indices Tumble, Nasdaq Falls Over 2%, Market Worries Over Google and Tesla’s Massive Capital Expenditures, Tech Stocks Lead Declines, Memory Stocks Find Support Against the Trend
TradingKey - Increased capital expenditures from Google and Tesla rattled investors, while Brent crude’s rise to $100 pushed the 10-year U.S. Treasury yield to its highest level in nearly a year and a half, dampening market sentiment. The three major U.S. indices tumbled, led by declines in tech stocks, while memory stocks found support against the trend. At the close, the Dow Jones Industrial Average fell 0.97% to 51,711.65; the Nasdaq Composite Index dropped 2.15% to 25,137.69; and the S&P 500 Index declined 1.21% to 7,408.12.
TradingKey - Increased capital expenditures from Google and Tesla rattled investors, while Brent crude’s rise to $100 pushed the 10-year U.S. Treasury yield to its highest level in nearly a year and a half, dampening market sentiment. The three major U.S. indices tumbled, led by declines in tech stocks, while memory stocks found support against the trend. At the close, the Dow Jones Industrial Average fell 0.97% to 51,711.65; the Nasdaq Composite Index dropped 2.15% to 25,137.69; and the S&P 500 Index declined 1.21% to 7,408.12.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
