Moneycontrol
    Moneycontrol PRO
    LAMF
    LAMF

    Nasdaq slides 3% as tech rout deepens

    The Nasdaq Composite dropped 412.44 points, or 3.65 percent, to 10,900.70 at the opening bell.
    Reuters
    September 08, 2020 / 19:28 IST

    The Nasdaq tumbled more than 3 percent at the open on September 8 as investors sold off shares of Tesla and other tech heavyweights, while simmering US-China tensions and concerns over a rocky economic rebound also weighed on sentiment.

    The Nasdaq Composite dropped 412.44 points, or 3.65 percent, to 10,900.70 at the opening bell.

    The Dow Jones Industrial Average fell 208.08 points, or 0.74 percent, at the open to 27,925.23, while the S&P 500 opened lower by 55.08 points, or 1.61 percent, at 3,371.88.

     

    Reuters

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert:

    It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347