NEW YORK, Sept. 8 -- U.S. stocks ended lower for the holiday-shortened week, as the market was dented by tumbling tech shares amid global trade tensions.
All three major indices reported negative results, with the Dow, the S&P 500 and the Nasdaq declined 0.18 percent, 1.03 percent and 2.55 percent, respectively.
Tech stocks experienced a turbulent week. The sector dropped nearly 3 percent this week as investors were concerned over potential regulation for tech companies.
Shares of Twitter and Facebook fell 13.3 percent and 7.2 percent this week, respectively, after executives of the two U.S. social media giants testified before Congress on how to stop online abuse and election meddling. Shares of Apple, Amazon, and major U.S. chipmakers also struggled for gains.
The underperforming tech shares led the Nasdaq to post four-day losing streak.
For U.S. e-commerce giant Amazon, there was still a day to remember this week. Amazon hit 1 trillion U.S. dollars in market cap on Tuesday, becoming the second publicly traded U.S. company to reach the historic threshold after Apple.
Its shares rose nearly 2 percent to a high of 2,050.50 dollars apiece in morning trading, bringing it to reach the record valuation. The stock needed to hit a price of 2,050.27 dollars to reach the 1-trillion-dollar milestone based on its share count, according to the company's recent quarterly report in July. The stock retreated after the record high.
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