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2024-07-17 21:41:42

news.google.com on Nostr: Wall Street stocks hit by China worries, public blockbusters in tech ========== Wall ...

Wall Street stocks hit by China worries, public blockbusters in tech
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Wall Street stocks fell on Monday as investors worried about the impact of China's regulatory crackdown on the technology sector. The Dow Jones Industrial Average fell 0.9%, the S&P 500 lost 1.6%, and the Nasdaq Composite dropped 2.5%. Chinese tech stocks listed in the US, such as Alibaba and Baidu, also saw significant declines. The sell-off was driven by concerns that China's regulatory actions could stifle growth and profitability in the tech industry. Investors are closely watching the situation in China and its potential impact on global markets.



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