美股

Tech stocks fall sharply as Wall St slips from all-time peak

Apple, Tesla and Zoom among the names selling off heavily

Technology stocks that have powered US equities to record highs this summer went into sharp reverse on Thursday, sending the Nasdaq 100 index tumbling almost 5 per cent in its biggest fall since June.

Apple’s shares slid 7 per cent by midday in New York — wiping more than $150bn from the iPhone maker’s value — while Amazon, Alphabet and Microsoft all fell more than 5 per cent. Several of the coronavirus era’s superstar stocks, such as Tesla and Zoom Video Communications, suffered steeper drops.

The pullback offered a reminder that the US equity market’s 55 per cent rally since the depths of the crisis in March is still vulnerable to short-term shocks.

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