[ad_1]
Specifically, the Dow Jones industrial average fell 807.77 points, or 2.8%, to 28,292.73 points, witnessing the sharpest drop in a day since June 11. The S&P 500 fell 3.5 percent to 3,455.06 points and the Nasdaq Composite fell 5 percent to close at 11,458.10.
Shares of Apple fell 8%, recording the biggest drop in a single session since March 16. Amazon and Netflix fell more than 4% and Facebook lost 3.8%. Microsoft fell 6.2 percent. Alphabet fell 5.1%. The tech sector on the S&P 500 closed down 5.83%, marking a record 10 consecutive days of sublimation. Additionally, the industry also posted the biggest drop in one day since March.
Meanwhile, the shares of companies that benefited from the reopening of the economy showed a positive evolution, in contrast to the negative trend of technology. The Carnival travel operator increased 5.2%. Macy’s is up almost 8%.
The move Thursday came after another record high for the S & P 500 and the Nasdaq Composite, which contributed to a strong rebound, pushing the market to the minimum on 23 March.
Since the end of March, the S&P 500 has gained more than 50% and the Nasdaq has risen more than 60%. The Dow has risen more than 50% during that time.
The decline in this session came despite better-than-expected data on unemployment benefits. The U.S. Department of Labor said the number of people filing for unemployment benefits for the first time was 881,000 in the week ending Aug. 29. Economists polled by Dow Jones had expected the number of first-time applications to drop to 950,000 last week.
According to the young intellectuals
