Nasdaq and S&P 500 Decline as Tech Sell-Off Weighs on Major Averages
Wall Street's major indices closed significantly lower, marking weekly losses for investors. The sell-off was primarily driven by a retreat from technology stocks following a series of disappointing earnings reports from key players in the sector. The Nasdaq Composite experienced the sharpest decline, falling nearly 3%, while the S&P 500 dropped 1.8%. This broad market downturn reflects growing investor caution regarding tech valuations and growth prospects in the current economic climate.
Topics: earnings season stock market close tech sell-off
Read the full article at Seeking Alpha
Part of the story U.S. Stock Futures Rise Ahead of Midterm Elections and Key Economic Data (6 articles)