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Monday, June 14, 2021
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Nasdaq tumbles 2% as technology rout deepens

Wall Street’s main indexes opened sharply lower and the Nasdaq shed 2% on Tuesday (May 11), weighed down by technology-related stocks with lofty valuations on worries over inflation.

The Nasdaq Composite dropped 286.0 points, or 2.13%, to 13115.854 at the opening bell.

The Dow Jones Industrial Average fell 170.1 points, or 0.49%, at the open to 34,572.74 and the S&P 500 fell 38.1 points, or 0.91%, at the open to 4,150.34​.

(Production: Hyeongmi Kim, Aleksandra Michalska)

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