
Many billions were lost on Friday in connection with sharp declines in US tech stocks. (Archive photo). Photo: Shannon Stapleton/Reuters
Biggest drop for US tech stocks in over a year
On Friday, the Nasdaq Composite index fell by 4.2 percent, marking its largest single-day decline since April last year. The S&P 500 and Dow Jones indices also dropped by 2.6 percent and 1.4 percent, respectively, with the nine largest tech stocks in the S&P 500 losing about $1.1 trillion in...
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