There is a disconnect. The s p and dow moving modestly, the nasdaq off i 1. 5 . Quite a disconnect. This happened over the course of the day. It wasnt like at the beginning of the dare the beginning of the day, we saw records before a fall back. It led the way downward, down one point 5 . The s p has been pulled lower in the last 20 minutes or so. If you look at these groups within the s p 500, the divergence is even more stark. Energy shares up 2 , financials more than 1 , materials more than 1 . Information technology down 2. 5 . There is some sort of rotation going on. It is unclear what triggered it. There was a note out from Goldman Sachs saying the volatility in the largecap tech stocks that have contributed to the gains this year, that that was a reason for concern. Take a look at the nasdaq over the past week and you will see a 1 drop some of the biggest drop in about nine weeks. Much of it happening in a single day, as we see the drop today. What is also notable about todays d
There is a disconnect. The s p and dow moving modestly, the nasdaq off i 1. 5 . Quite a disconnect. This happened over the course of the day. It wasnt like at the beginning of the dare the beginning of the day, we saw records before a fall back. It led the way downward, down one point 5 . The s p has been pulled lower in the last 20 minutes or so. If you look at these groups within the s p 500, the divergence is even more stark. Energy shares up 2 , financials more than 1 , materials more than 1 . Information technology down 2. 5 . There is some sort of rotation going on. It is unclear what triggered it. There was a note out from Goldman Sachs saying the volatility in the largecap tech stocks that have contributed to the gains this year, that that was a reason for concern. Take a look at the nasdaq over the past week and you will see a 1 drop some of the biggest drop in about nine weeks. Much of it happening in a single day, as we see the drop today. What is also notable about todays d
There is a disconnect. The s p and dow moving modestly, the nasdaq off i 1. 5 . Quite a disconnect. This happened over the course of the day. It wasnt like at the beginning of the dare the beginning of the day, we saw records before a fall back. It led the way downward, down one point 5 . The s p has been pulled lower in the last 20 minutes or so. If you look at these groups within the s p 500, the divergence is even more stark. Energy shares up 2 , financials more than 1 , materials more than 1 . Information technology down 2. 5 . There is some sort of rotation going on. It is unclear what triggered it. There was a note out from Goldman Sachs saying the volatility in the largecap tech stocks that have contributed to the gains this year, that that was a reason for concern. Take a look at the nasdaq over the past week and you will see a 1 drop some of the biggest drop in about nine weeks. Much of it happening in a single day, as we see the drop today. What is also notable about todays d
Power but without a clear majority. Global news 24 hours a day. I am Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is bloomberg technology. Coming up, tech stocks nosedive dragging the nasdaq to its lowest levels this year. We will map the sudden selloff and. Theresa mays gambit. To the Prime Ministers move gain a greater majority backfired and the potential impact on her brexit agenda. Potential miss on the upcoming data revolution. Why the latest iphone may not satisfy customers needs for speed. After seeing Massive Gains this year, big tech stocks came crashing back down posting the biggest losses in months. Shares of apple, microsoft, amazon, and facebook are some of the biggest decliners of the day. Mike regan joins us from new york. What exactly happened . As you mentioned, tech has been on a tear this year. Depending on how you look it, tech stocks on the s p 500 or nasdaq 100 either up more than 20 coming into today. And if you
The House Intelligence Committee is demanding copies, if they exist, of white house tapes of conversations between President Trump and james comey. It also wants notes and memos of his discussions with the president. The state Department Says the United States respects the decision of british voters in the general election and look forward to continuing to work with Prime Minister theresa may. Thursdays Election Results returned mays conservatives to power but without a clear majority. Global news 24 hours a day. I am Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is bloomberg technology. Coming up, tech stocks nosedive dragging the nasdaq to its lowest levels this year. We will map the sudden selloff. Theresa mays gambit. How the Prime Ministers move to gain a greater majority backfired and the potential impact on her brexit agenda. Apples potential miss on the upcoming data revolution. Why the latest iphone may not satisfy customers ne