Wednesday, 10 October 2018

Tech stocks lead WallStreet slump as investors shun risk

Wall Street was hammered on Wednesday as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping their risk appetite.

The benchmark S&P 500 and the #DowJones Industrial Average fell nearly 1.5 percent and at the day’s low had retreated 3.7 percent and 3.6 percent, respectively, from their all-time highs. The Nasdaq’s 2-percent drop pulled it 7.1 percent away from its high.


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