U.S. stocks skid again on renewed fears that tech sector has run out of steam

[DonViejo]

Source: The Washington Post



By Thomas Heath November 12 at 4:03 PM

U.S. markets dropped Monday on renewed fears that the tech sector has run out of steam.

The Dow Jones industrial average dropped 601 points, or 2.3 percent, to 25,387.18 in the session.

The blue-chip barometer was dragged lower by the tech-heavy Nasdaq composite index, which tanked 2.8 percent on the weak technology shares. More than 70 percent of the tech sector is in correction territory — meaning the share prices are more than 10 percent off their peak.

The Standard & Poor’s 500-stock index was off 2 percent. Of its 11 sectors, real estate was the only one that ended trading in the black Monday.

Read more: https://www.washingtonpost.com/business/economy/us-stocks-skid-again-on-renewed-fears-that-tech-sector-has-run-out-of-steam/2018/11/12/a69682ae-e698-11e8-b8dc-66cca409c180_story.html

[LudwigPastorius]

1. Trumponomics is kicking in.

‘Trade wars are easy.’

Yeah, right.

[sandensea]

2. Absolutely.

By 2020, the word 'economy' will be scrubbed from all Republicans' lexicon - starting with Cheeto's.

Just as well really, since they never understood it anyway.

[Honeycombe8]

3. This was a rough day.

I own a lot of tech. Phew. But the ones I own are solid companies. I own them for the long term, and they're not going anywhere. Apple now pays a dividend, too.

[MichMan]

4. Some here were telling everyone to sell immediately after the 2016 election

….as the stock market was going to plummet the very next week. I wonder if they took their own advice

This is the last place I would take investing advice from