Nasdaq Ends Sharply Lower as Investors Dump Growth Stocks

Nasdaq Ends Sharply Lower as Investors Dump Growth Stocks
The Nasdaq logo is displayed at the Nasdaq Market site in New York on Sept. 2, 2015. Brendan McDermid/Reuters
Reuters
Updated:

The Nasdaq ended sharply lower on Thursday as the Federal Reserve’s announcement of a faster end to its pandemic-era stimulus pushed investors away from Big Tech and toward more economically sensitive sectors.

Nvidia Apple Microsoft, Amazon, and Tesla tumbled between 2.6 percent and 6.8 percent, hitting the Nasdaq and the S&P 500, while the Dow Jones Industrial Average declined marginally.