1 min read
Add as a preferred source on Google

Nasdaq Drops More Than 5% Intraday as Wall Street Tech Selling Returns

The S&P 500 was down 3.4% at 10:56 a.m. ET on Nov. 5, as major U.S. stock indexes retreated after the prior session’s gains.

Pedestrians cross Wall Street beneath long diagonal shadows / TokenPost.ai (macro)
Pedestrians cross Wall Street beneath long diagonal shadows / TokenPost.ai (macro)

The Nasdaq Composite fell more than 5% in an intraday reading Thursday, Nov. 5, as technology shares led a renewed decline across major U.S. stock indexes.

At 10:56 a.m. ET (15:56 UTC), the S&P 500 was down 3.4% and the Nasdaq was more than 5% lower. The declines followed strong gains by the major U.S. averages in the prior session.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…