The tech sector today’s loser on Wall Street
The tech sector was among the day’s losers as the New York Stock Exchange began a new trading week. Nasdaq’s composite index retreated 1.2 percent as a consequence of renewed concerns about further interest rate increases from the US Federal Reserve.
At the company level, a sharp price drop was noticed above all for the electric car manufacturer Tesla, which plummeted 6.1 percent after the major bank Goldman Sachs downgraded the stock to neutral.
The decline occurred at the same time as the Dow Jones industrial index closed just below zero and the broad S&P 500 in turn was down 0.4 percent.
Notifications
Turn on notifications to get the latest news from Nyheter24.
Decline Accept
Notifications from your city
Turn on notifications for your city to get the latest Blåljus news from Nyheter24.
Decline Accept