U.S. tech stocks in “correction”

Standard & Poor’s 500 index has re-entered correction territory – what Wall Street calls a decline of 10 percent or more from its most recent peak – as threats to tech stocks and a trade war spook the index


S&P 500

Jan 26: Peak of 2,872.87 

Fears of inflation and rising interest rates drive market fall

Feb 8: 2,581.00
Fall of 10.2%

Mar 8: 2786.57
President Trump imposes 25% tariff on steel and 10% on aluminium

$457bn wiped off value of big five* tech stocks since Mar 12

Apr 2: 2,581.88
Fall of 10.13% 
Just 13 stocks in S&P 500 large companies rise


2,900
2,800
2,700
2,600
2,500
	February	March 	April

*Big five: Facebook, Amazon, Apple, Netflix and Alphabet


Source: Market Watch, S&P 500 
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