US stocks see biggest drop in two years on tech selloff
Posted on AllSides July 25th, 2024
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Brendan McDermid/Reuters
US stock markets plunged on Wednesday, recording their worst losses since 2022, after investors sold off shares in struggling tech companies.
The Nasdaq index fell by 3.6%, the S&P 500 dropped 2.3%, and the Dow Jones Industrial average slid 1.2%.
“Signs of nervousness around tech stocks began to creep up in recent weeks,” reported Reuters, pointing to Wall Street’s “vulnerability to any weakness in the Big Tech trade...