Wall Street opens down due to tech sector dip
The Nasdaq slipped 0.75%, while the S&P 500 opened the day down 0.49% and the Dow Jones was down 0.44%.
New York Stock Exchange. File image
The nearly $1 trillion-valued hit to tech stocks this week led Wall Street to open down Friday.
The three major indexes of the New York Stock Exchange dawned this Nov. 7 with sharp declines. The Nasdaq was the biggest faller, down 0.75%, while the S&P 500 plunged 0.49%.
Meanwhile, the Dow Jones posted losses of 0.44% in early trading.
This negative opening in the market was mainly due to the decline among the seven major technology companies: Nvidia, Tesla, Alphabet, Amazon, Meta Platforms, Microsoft and Apple, which all suffered losses again Friday.
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