Global equities find some footing after another slide in US tech stocks, led by a record fall in Tesla

SourceBusiness Insider
SectorFinancial Markets
CountrySaudi Arabia

Traders work on the floor of the New York Stock Exchange shortly after the start of trading August 6, 2014. REUTERS/Lucas Jackson European and US equity futures rose on Wednesday as investors went bargain-hunting following a massive sell-off in Big Tech.Asian indices declined after the previous day's total wash-out saw tech favorites such as Apple, Amazon, Facebook, and Zoom slump over 4% and Tesla falling by a record 21%.In the UK, the pound fell 1.5% against the dollar to its weakest in six weeks.  "As sterling nervously awaits the unveiling of Boris Johnson's international law-breaking UK Internal Market Bill, the FTSE continued to celebrate the currency's bout of Brexititis - a long-dormant condition that has recently seen a serious flare-up," a financial analyst at SpreadEx said.Visit Business Insider's homepage for ...read more...