Wall Street has weakened sharply. Tech titles hit by sell-off

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All three major indices on the New York Stock Exchange weakened sharply on Thursday. The tech Nasdaq was losing the most. The Dow Jones Industrial Average recorded a roughly half-lower decline.

On Wall Street, the sell-off mood from the previous trading day spilled over from China and Hong Kong. But the stronger effect was an interest rate rise on 10-year government bonds, which rose to 1.614 percent. Thus, investors sought to seize the opportunity to buy a safe asset with a relatively good return.

In New York, technology degrees were the most lost. Shares of companies such as Amazon, Apple, Microsoft and Facebook lost between 1.2 and 3.6 percent. The Nasdaq technology index lost more than 3.5 percent. New York’s main S&P 500 index weakened less than 2.5 percent and the Dow Jones Industrial Average lost 1.75 percent.

The New York Stock Exchange experienced its biggest one-day fall in a month. The S&P 500 index has hit 71 52-week highs and no new lows in the past year. The Nasdaq set 202 new 52-week highs and fell 39 times to a new one-year low.


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