Nasdaq slides 3% as tech stocks weigh; Dow Jones down over 600 points

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The S&P 500 was down 94.19 points, or 2.19%, at 4,205.98, and the Nasdaq Composite was down 402.84 points

Nasdaq | Dow Jones | S&P Nasdaq


Last Updated at May 5, 2022 20:33 IST

The index tumbled over 3% on Thursday, dragged down by megacap growth stocks and on track to erase most of the gains recorded in the previous session’s rally after the Federal Reserve’s less aggressive tone.

At 10:10 a.m. ET, the Industrial Average was down 612.08 points, or 1.80%, at 33,448.98.

The S&P 500 was down 94.19 points, or 2.19%, at 4,205.98, and the Composite was down 402.84 points, or 3.11%, at 12,562.02.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, May 05 2022. 20:33 IST