Dow drops over 350 pts, Nasdaq falls over 2%

Wednesday, 10. October 2018 17:13

The Dow Jones Industrial Index tumbled over 375 points on Wednesday, amid concerns over rising interest rates due to rising yields. The Nasdaq was falling over 2% dragged down by the selloff of big tech shares.

The Dow lost 380 points at 5:17 pm CET, dropping 1.44%. Nike and Boeing led the losses, down, 3.81% and 3.39% at 5:20 pm CET, respectively.

The Nasdaq 100 tumbled 2.34% at 5:17 pm CET, as the S&P 500 fell 1.45% at 5:19 pm CET. Netflix plunged 6.67% at 5:21 pm CET, while Microsoft was the biggest loser among the big tech, decreasing by 4.02% at 5:22 pm CET.

Related Links: Netflix Inc.Microsoft Corp.
Author:
Breaking the News / NI