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Tech sales intensify, sending the Nasdaq tumbling

Tech sales intensify, sending the Nasdaq tumbling

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The decline in mega-cap technology stocks deepened Thursday, sending the Nasdaq Composite into its worst two-day decline of the year.

The tech-heavy index fell 1.8%, while the S&P 500 lost 1.2%. The Dow Jones Industrial Average fell about 250 points, or 0.8%.

Copyright ©2023 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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