A sell-off in technology shares has deepened on Wall Street on Tuesday, with the S&P 500 falling around one per cent and the Nasdaq Composite dropping more than one per cent as concerns over artificial intelligence spending and the prospect of higher interest rates weigh on markets.
The losses accelerated overnight after memory-chip stocks tumbled across Asian markets, though some of the major indices came off their worst levels as defensive shares moved higher.
Mitch Mccann reports from New York.
IN: “Monday's selloff has...”
OUT: “...down 1.4 percent.”
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