By Amanda Cooper and Chibuike Oguh
NEW YORK/LONDON, June 23 (Reuters) - Global stocks fell on Tuesday, dragged lower by a broad selloff in technology and semiconductor shares as investors continued taking profits on a long rally while bracing for more aggressive Federal Reserve action to fight inflation.
On Wall Street, the tech-heavy Nasdaq led losses, weighed down by semiconductor shares and some megacap stocks.
Nvidia fell 4% and Tesla dropped nearly 6%. **** eX shares reversed an early decline to trade up nearly 1%. Chip stocks finished down nearly 8%.
The Dow Jones Industrial Average lost 0.09%, the S&P 500 fell 1.4%, and the Nasdaq Composite fell 2.2%.
NEW YORK/LONDON, June 23 (Reuters) - Global stocks fell on Tuesday, dragged lower by a broad selloff in technology and semiconductor shares as investors continued taking profits on a long rally while bracing for more aggressive Federal Reserve action to fight inflation.
On Wall Street, the tech-heavy Nasdaq led losses, weighed down by semiconductor shares and some megacap stocks.
Nvidia fell 4% and Tesla dropped nearly 6%. **** eX shares reversed an early decline to trade up nearly 1%. Chip stocks finished down nearly 8%.
The Dow Jones Industrial Average lost 0.09%, the S&P 500 fell 1.4%, and the Nasdaq Composite fell 2.2%.
4 months ago
