Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

workinclasszero

(28,270 posts) Mon Apr 2, 2018, 01:46 PM Apr 2018

Wall Street slides on tech rout, Nasdaq erases 2018 gains

Wall Street slides on tech rout, Nasdaq erases 2018 gains
Sruthi Shankar APRIL 2, 2018 / 6:36 AM / UPDATED 10 MINUTES AGO

(Reuters) - A selloff in technology majors deepened on Monday, wiping out the tech-heavy Nasdaq index’s gains for the year and pushing the benchmark S&P 500 below a closely watched technical level for the first time in nearly two months.

All the 11 major S&P sectors fell, with markets also coming under pressure from renewed fears of a global trade war after China imposed additional tariffs on 128 U.S. products.

Amazon (AMZN.O) dropped more than 4 percent after President Donald Trump launched his latest attack over the pricing of the online retailer’s deliveries through the U.S. postal system and promised unspecified changes.

https://www.reuters.com/article/us-usa-stocks/wall-street-slides-on-tech-rout-nasdaq-erases-2018-gains-idUSKCN1H90XP