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US stocks continue to fall led by the tech sector
Economies.com
2021-05-11 14:09 UTC
US stock indices opened lower on Tuesday, as Nasdaq continues to slide due to the tech stocks rout.
The World Health Organization declared the new mutated variant of the Covid-19 virus in India, which caused a lot of concern around the world.
US President Joe Biden stated that the money granted to citizens in the form of unemployment benefits did not prevent them from searching for jobs.
This came following the release of the monthly jobs report last week, which showed less than expected new jobs and the unemployment rate rose unexpectedly during April.
As for stocks, Dow Jones fell 0.8% or 270 points to 34,476 as of 14:07 GMT, Nasdaq fell 0.8% or 117 points to 13,285, and S&P 500 fell 0.8% or 34 points to 4,154.
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