Your Evening Briefing: Investors Rethink Their Five-Month Rally

Your Evening Briefing: Investors Rethink Their Five-Month Rally

A fresh selloff in megacap technology shares sent stocks to their fourth loss in five days as investors grow increasingly concerned that the recent five-month rally went too far. Treasuries rose with the dollar as the S&P 500 dropped as much as 2.1%. Volatility increased in the Nasdaq 100 and energy companies plunged as crude dropped back toward $37 a barrel. In the U.S., data showed growing cracks in labor-market recovery while a second pandemic bailout bill seems more