Nasdaq Falls 2% as Major Technology Stocks Extend Broad Losses

The Nasdaq Composite was down 2% at 10:30 a.m. ET Thursday (14:30 UTC), as major technology stocks fell broadly and the tech-heavy index posted a sharper loss than other major U.S. indexes. The selloff put a notable cross-market move on crypto traders’ radar. The S&P 500 had fallen 1.17% at that snapshot, while the Dow Jones Industrial Average was down 0.4%. The Nasdaq’s decline was five times the Dow’s. The S&P’s loss fell between the two, showing how much sharper the decline was in the technology-heavy index.

Source: TokenPost