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.
Yet on Tuesday, the selloff extended to shares of more economically sensitive companies as well, with all 11 sectors of the S&P 500 trading lower. Companies including Occidental Petroleum , Gap and Royal Caribbean posted declines of 3% or more. Shares of large growth companies also tumbled, with Tesla falling 2.2% and Apple dropping 1.6%.
The declines sent the Cboe Volatility Index, or VIX, known as Wall Street’s fear gauge, trading higher. It traded as high as 23.73 intraday Tuesday, its highest intraday value since March 10.
Every equity I own is gaining. Except Alibaba.
Be Financially Free Work From Home 💰💰💰💰💰 WhatsApp 👉👉+1-743-800-8235 You can earn up to $1000 or more than within a Week, yes you heard me right💰💰💰 Very easy using your cellphone 📲 and other devices 🖥️💻, Profit in few Days 👇👇👇 Serious Minded Only Ask me how
Markets are rolling- here comes the Biden economy in 3,2,1...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three Dow stocks could lead the next leg of the rally, traders sayAs the Dow hits record highs, Ari Wald of Oppenheimer and Quint Tatro of Joule Financial share their favorites of the blue-chip index. TradingNation Hedge Funds are selling in preparation to StockMarket crash!
Source: CNBC - 🏆 12. / 72 Read more »
Dow falls over 300 points early Tuesday as tech stocks get slammed amid renewed inflation fearsU.S. stock benchmarks opened solidly lower Tuesday, with inflation worries seen keeping pressure on previously highflying tech stocks. The Dow Jones... In light of the speculative euphoria investors have enjoyed since the start of the year, a selloff isn't a surprising event. lawsuits are a joke shorts are over-leveraged if we move the spread they blow up who wants poultry let's devour these vultures $SQBG target 🎯500
Source: MarketWatch - 🏆 3. / 97 Read more »
Frankies Bikinis Drops Collab With Naomi Osaka -- Shop the CollectionThe L.A.-based swimwear line taps the professional tennis player for its latest collaboration. naomiosaka Oh hey naomiosaka multiple streams of income...I see you sis🙌🏾💗💓💕💞 naomiosaka
Source: etnow - 🏆 696. / 51 Read more »
Kip Moore Plots Fall 2021 Tour Dates, Drops 'Good Life' VideoKip Moore will launch his headlining How High Tour in October. Get full dates and watch the colorful new video for 'Good Life' here. 🎼
Source: RollingStone - 🏆 483. / 51 Read more »
‘Venom: Let There Be Carnage’ Drops Intense First TrailerVenom: Let There Be Carnage has arrived with its first trailer that dropped Monday — and the preview is intense with some movements of levity. About three minutes long, the first look at the Sony-… Curious if anyone else thought the CGI didn’t look that great? Damn, I'm sitting thinking why the frame does not seem so high-quality, because I watch it in Full HD. I looked at the footage without the symbiote, all the rules ... Conclusion: Serkis did not help. As it was soap, it remained for them. nbigley2
Source: THR - 🏆 411. / 53 Read more »
NBC Drops 2022 Golden Globes BroadcastWhen we last checked in on NBC regarding the Golden Globes, whose parent organization the Hollywood Foreign Press Association came under fire earlier this year for a decades-long lack of Black members, the network was breaking its silence on an awards show it has broadcast for the past 25 years. “We are taking these issues very seriously, and we also understand our role and the importance of our role in encouraging HFPA to make what we deem to be necessary changes — and we are using that influence,” said NBCUniversal executive vice president and chief diversity officer Craig Robinson to the Los Angeles Times in a piece that ran in March.
Source: Jezebel - 🏆 153. / 63 Read more »