Monday, March 1

Stock market: web giants plunge at the opening

Posted ago 0 minutes, updated ago 0 minutes

The Nasdaq plunged when the stock market opened on Tuesday. (Photo: Getty Images)

MARKET REVIEW. Large technology companies fell Tuesday at the start of the session on Wall Street in a market worried about the rise in the 10-year bond rate and awaiting the hearing of the boss of the central bank (Fed) in front of American elected officials.

The Toronto Stock Exchange also fell sharply at the opening, weighed mainly by the health care sector which edged up 8% at the opening.

The clues

In Toronto, the S & P / TSX fell 297 points, or 1.62%, to 18,118 points.

In New York, the S&P 500 decreased 49 points, or 1.29%, to 3,826 points.

The Dow Jones was down 249 points, or 0.79%, to 31,272 points.

The Nasdaq plunged 423 points, or 3.13%, to 13,109 points.

More details to come.

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