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Nasdaq Set For Massive Fall
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.
Keywords & Tags
#tech stocks
#SP 500
#microsoft
#amazon
#tsla
#tesla
#alphabet
#apple
#aapl
#amzn
#facebook
#fb
#tech
#big tech
#investors
#futures
#index
#economic recovery
#NASDAQ
#FED
#Massive Fall
#Increasing Bond Yields
#raise interest rates
#2-year U.S. Treasury yield
#Composite Index fell
#tech stock struggles
#SP energy sector
#GGOGL
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