Site icon Brief News

Stocks wipe out 2018 gains as FAANG stocks slide into a bear market

Sad traderREUTERS/Lucas Jackson

Wall Street erased yearly gains Tuesday as high-flying technology companies plummeted into a bear market, adding to fears about slowing growth and trade tensions.

The tech-heavy Nasdaq Composite dropped 1.7% to a seven-month low, while the S&P 500 shed 1.74%. The Dow Jones Industrial Average tumbled more than 2%, or about 550 points. See the rest of the story at Business Insider

NOW WATCH: Trump once won a lawsuit against the NFL — but the result was an embarrassment

See Also:

SEE ALSO: A $ 736 billion strategist is bracing for a 2019 stock-market meltdown worse than anything we’ve seen this year — here are his top 3 tips for profiting from it

Exit mobile version