Dow plummets 750 points in worst drop since March, Amazon and tech shares lead the rout
Fred Imbert | @foimbert
Published 10 Hours Ago Updated Moments Ago
Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in months.
The Dow Jones Industrial Average traded 750 points lower as Intel and Microsoft fell more than 3 percent each. The Nasdaq Composite plummeted 3.5 percent.
The S&P 500 dropped 2.8 percent, with the tech sector underperforming. The broad index was also headed for a five-day losing streak — which would be its longest since late 2016 — and fell below its 50-day moving average, a widely followed technical level.
The Dow was on pace for its worst day since March, while the S&P 500 was tracking for its biggest decline since February.
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https://www.cnbc.com/2018/10/10/us-markets-bond-yields-and-data-in-focus.html