MoneyBusiness

Actions

Technology stocks keep stumbling; Nasdaq down 8% in 3 days

Hong Kong Financial Markets
Hong Kong Financial Markets
Posted
and last updated

NEW YORK (AP) — Big tech stocks are continuing their Icarus-like flight path, and more sharp declines for them are dragging Wall Street toward a third straight loss on Tuesday.

The S&P 500 was down 1.8% in late morning trading, after sinking as much as 2.5% shortly after trading began.

Big names that had been been the main reasons for Wall Street’s rocket ride back to record heights were among the heaviest weights, including Apple, Microsoft and Amazon.

The Nasdaq composite, which is full of many tech stocks, dropped 2.3% and is down 8.3% since Wednesday’s close.  

Crude oil prices and Treasury yields were also falling.

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Monday

07/14/2025

Clear

-° / 76°

0%

Tuesday

07/15/2025

Clear

104° / 72°

0%

Wednesday

07/16/2025

Clear

99° / 70°

0%

Thursday

07/17/2025

Clear

99° / 73°

0%

Friday

07/18/2025

Clear

99° / 74°

0%

Saturday

07/19/2025

Clear

100° / 73°

0%

Sunday

07/20/2025

Clear

101° / 72°

0%

Monday

07/21/2025

Clear

99° / 69°

0%