While you were sleeping: Tech slump continues

Mon, 28 Apr 2014

By Margreet Dietz Apr. 29 (BusinessDesk) - Wall Street slid as investors resumed selling tech shares amid concern about valuations with some of the biggest momentum stocks losing ground. In afternoon trading in New York, the Standard & Poor’s 500 Index fell 0.21 percent, while the Nasdaq Composite Index shed 0.70 percent. Investors were back again at dumping tech stocks including Amazon, down 3.3 percent, Netflix, down 5.1 percent, Facebook, down 3 percent, LinkedIn, down 8 percent, and Twitter, down 3.9 percent. “I think it's just mom...

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