Dow drops 400pts, Nasdaq down over 2%

Markets 12/7/2018, 5:13 PM
Dow drops 400pts, Nasdaq down over 2%

The Dow Jones Industrial Average dropped over 400 points on Friday as the major tech shares selloff continues. Looking at the figures for the last week, all major indexes were down more than 3%.

The Dow Jones fell 1.58% at 5:32 pm CET. IBM, Intel, Apple and Microsoft were the biggest losers, dragging the benchmark index into the negative territory.

Meanwhile, the S&P 500 declined 1.33% while the Nasdaq 100 lost 1.99% at the same time. The euro was up 0.13% against the US dollar to sell for 1.1397 at 5:35 pm CET.

Breaking the News / BM

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Share:

EUR/USD+0.02%

1.1329
Chart for: EUR/USD Spot

US SPX 500 In...+0.48%

2,643.52
Chart for: US SPX 500 Index

US Wall Stree...+0.47%

24,437.20
Chart for: US Wall Street 30 index

US Tech 100 I...+0.58%

6,717.25
Chart for: US Tech 100 Index