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What's Up With Tech?

Daily Recap

The selloff in tech that began on Friday extended into international markets, and continued in today's trading. This is discussed in more detail in today's article, as the selloff in tech may have ramifications for the broader market.

 

Outside of tech, markets held up fine with the Industrials falling 36 points, the Transports locking in a gain of 0.65% and the S&P declining 0.1%. The Nasdaq was the worst performer on the day, falling 0.52%.

 

International markets lost ground as well. In Europe the Stoxx 600 fell just shy of one percent, while the Asia Dow declined 0.31%. The Global Dow was down a similar 0.30%.

 

In the bond market Treasuries sold off slightly, leaving the yield on the 10-year note at 2.22%. The dollar index also headed lower, down 0.06% to 97.18.

 

Precious metals were mixed, with gold up $2.50, silver down 28 cents and platinum up $4. Miners headed lower with XAU down ... Log in or subscribe to continue reading.


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