Tesla Falls Again As Tech Stocks Plunge, S&P Extends Longest Losing Streak Since Stock Market Crash

SourceForbes
SectorFinancial Markets
CountryMiddle east

Share to Linkedin Down for a sixth-straight day on Tuesday, the S&P 500 is extending its longest losing streak since the market crash in February as technology stocks continue to plunge amid rising bond yields–a bearish indicator for investors worried the stock market's booming rally could come to an end. SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award on ... [+] December 1. Shortly after the market open, the Dow Jones industrial average, which has remained roughly flat near peak levels in recent days, ticked up 24 points, or less than 0.

1%, while the S&P 500 slipped for a sixth-straight day, falling 0. 5%, while the tech-heavy Nasdaq sank 1. 8%. Big tech stocks continued to lead weakness in the market, with Tesla plunging 5%, while Amazon, Apple, Netflix and Alphabet all slip about 2%. Hard-hit cyclical stocks, meanwhile, are heading up gains, with entertainment giant Live Nation climbing 5%...read more...