Sharp fall on Wall Street driven by a collapse in tech stocks
The U.S. stock market had its worst day since October, as a massive sell-off of large tech company stocks dragged down the market as a whole.
Bond yields soared as a solid jobs report boosted expectations that the Federal Reserve will be forced to raise interest rates at some point this year.
The S&P 500 fell 2.6% on Friday, ending its first losing week in the last 10. The Dow Jones Industrial Average fell 695 points, or 1.4%. The Nasdaq Composite fell 4.2%. Nvidia and Broadcom were among the companies with the most weight in the market.
The Department of Labor reported that employers added 172,000 jobs in May, approximately double what forecasters had predicted. Oil prices fell.
#Most read
- 1.They recognize the digital success of La Casa de Alofoke in Google Week Guatemala 2025
- 2.A Bolivian Air Force plane crashes
- 3.“I’m going to gain so much weight”: Mamdani tries Colombian food in Queens
- 4.Dominican woman sentenced to 25 years for killing fellow Dominican friend in Orlando
- 5.Storm Gonzalo emerges in the Atlantic as Fay strengthens
- 6.Dollar price in the Dominican Republic this Tuesday, September 22, 2026
- 7.ANPA warns DR is not prepared for full opening of the rice market
- 8.The death toll from the earthquakes in Venezuela rises to 6,301, which the Government links to power outages
- 9.Guatemala investigates migrant death following attempted intervention by ICE patrols
Newsletter
Subscribe to our newsletter to receive our latest articles instantly!
