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Nasdaq Set For Massive Fall

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Nasdaq Set For Massive Fall

B
Benzinga

15 Views • Sep 28, 2021

Description

On Tuesday, NASDAQ futures fell over 1% as tech stocks suffered while bond yields jumped to unexpected highs. Investors anticipate that the Fed will raise interest rates, the 2-year U.S. Treasury yield rose to an 18-month high. Shares of companies like Alphabet ($GOOGL@US), Microsoft ($MSFT@US), Amazon ($AMZN@US), Apple ($AAPL@US), Tesla ($TSLA@US), and Facebook ($FB@US) all fell over 1%, the NASDAQ Composite Index fell, and the S&P 500 index dropped sharply. Despite tech stock struggles, the S&P energy sector has gained over 10% so far in September.