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Tech sell-off hits Wall Street as jobless claims remain high
Wall Street's main indexes fell on Thursday after data showed high levels of weekly jobless claims, while technology-related stocks resumed their slide with Apple Inc and Amazon Inc among the biggest drags on the Nasdaq. Nine out of the 11 major S&P 500 sector indexes were lower, with technology stocks leading sectoral declines. The Nasdaq .IXIC, which entered correction territory earlier this month, slipped another 1% with Facebook Inc , Apple, Amazon, Tesla Inc, Microsoft Corp, Alphabet Inc and Netflix Inc together losing $150 billion in market capitalization in the first half hour of trading.
Bank stocks slipped 1.1%, while the S&P 500 financials index fell 0.8%, a day after the Federal Reserve pledged to keep interest rates low for a prolonged period to lift the world’s biggest economy out of a pandemic-induced recession. But with Fed Chair Jerome Powell indicating a long road to “maximum employment”, stock markets were disappointed by the lack of firmer details around the central bank’s stimulus plan. Adding to concerns around a stalling recovery, the Labor Department’s report showed the number of Americans filing new claims for unemployment benefits fell last week, but remained perched at extremely high levels.
https://www.reuters.com/article/usa-stocks/us-stocks-tech-sell-off-hits-wall-st-as-jobless-claims-remain-high-idUSL4N2GE3GA
https://finance.yahoo.com/quote/%5EIXIC
https://www.marketwatch.com/investing/index/dxy
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
https://www.kitco.com/charts/livegold.html
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