The technology-heavy selection index Nasdaq 100 lost 2.21 percent to 15,370.74 points, significantly more than the Dow. In the US bond market, US government bonds came under pressure after Fitch’s downgrade, while yields rose in return. Tech stocks tend to react to rising capital market interest rates with above-average losses because they are considered highly valued. The market-wide S&P 500 fell by 1.38 percent to 4513.39 points.
2023-08-02 20:12:28
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