Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports
In total, the decline has knocked nearly $1tn in value off the tech-heavy Nasdaq exchange in one week and erased about $2tn in a month.
The Guardian reported that in total, the decline has knocked nearly $1tn in value off the tech-heavy Nasdaq exchange in one week and erased about $2tn in a month.
The S&P 500, the index of the 500 most valuable companies in the US, fell by more than 1% Friday, losing hundreds of billions of dollars in…
Key details
- Location
- United States · Americas
- Reported by
- The Guardian
- First reported
- Key names
- AI, Nasdaq
- Section
- Business
Sources
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