Sell-off of hgh flying tech stocks saw the Nasdaq Composite drop 2.7% to 12,997.75. That left it at its lowest since early January and reduced its gain in 2021 to less than 1%.
NEW YORK: The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery on the back of fiscal stimulus and vaccination programs.
Microsoft Corp, Apple Inc and Amazon.com Inc dropped more than 2%, weighing more than any other stocks on the S&P 500.
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