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Techs on track to drag down U.S. stocks for a second day


Tuesday, 20 March 2018 17:52 WIB

DOW JONESS & P 500SahamASNasdaq100


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The selloff for U.S. technology stocks looked set to extend to a second day on Tuesday, dragging the rest of the equity market lower, on growing worries over a regulatory clampdown.

Facebook Inc. was losing ground again in premarket trading, after slumping in the prior session as it came under scrutiny over the leak of member data. Oracle Corp. was also logging losses after a disappointing earnings report.

Nasdaq-100 futures dropped 36 points, or 0.5%, to 6,878.75, while Dow Jones Industrial Average futures fell 70 points, or 0.3%, to 24,620 and S&P 500 futures slipped 5.5 points, or 0.2%, to 2,717.50.

Weighed by a tech selloff, the Dow fell 335.60 points, or 1.4%, to 24,610.91 on Monday, and turned negative for the year, down 0.4%. The S&P 500 index dropped 1.4% to 2,712.92, while the tech-laden Nasdaq Composite Index slumped 1.8% to 7,344.24, for its biggest one-day percentage decline since early February.

Source : Marketwatch


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