Nasdaq ends 1.8% lower as tech selloff weighs on US stocks

Nasdaq ends 1.8% lower as tech selloff weighs on US stocks

Traders work on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)
NEW YORK: Shares of big technology companies tumbled on Monday (Mar 19) following a Facebook data breach scandal, pushing US equity markets sharply lower.The tech-rich Nasdaq Composite Index dropped 137.75 points (1.84 per cent) to close at 7,344.24.The Dow Jones Industrial Average shed 335.60 points (1.35 per cent) to end the day at 24,610.91 and the broad-based S&P 500 fell 39.09 points (1.42 per cent) to 2,712.92.
Source: AFP/de
 Source : http://www.channelnewsasia.com/news/business/nasdaq-ends-1-8-lower-as-tech-selloff-weighs-on-us-stocks-10058232