Tuesday 8 September 2020

Nasdaq Drops over 4% as Tech Sector Sell-off Continues

THE GUARDIAN: Tesla shares plunged 21%, Apple fell 6.7% and Amazon dropped 4.3% while all major US markets were in the red

The US tech sell-off on Wall Street extended to a third day on Tuesday, with electric carmaker Tesla among the biggest fallers suffering its worst day in nearly six months.

The tech-heavy Nasdaq stock market dropped over 4%, following similar falls on Thursday and Friday. Wall Street was closed on Monday for the Labor Day holiday.

Shares in Tesla fell 21% on Tuesday, while Apple was down 6.7% and Amazon down 4.3%. » | Dominic Rushe in New York | Tuesday, September 8, 2020