Global markets are in the red after a sell off of tech shares expanded to other sectors the dow jones index who raises its gains for the entire year as the internet giants continue to fall. On the Program Renault makes crucial decisions after carlos golems arrest over alleged financial misconduct its keeping him as c. E. O. And young populations building on a strong internet infrastructure empowering entrepreneurs to talk to some of the. Its time for business on the w how you welcome to the program tech stocks are heavily losing market value on the Trading Floor some compare it to a bubble others say its nothing to worry about the developments originated of course in the u. S. Where the big names are under pressure but repercussions are global. Stock market slide driven by some of the biggest names in tiny weaker than expected demand for the latest i phone model of. Not just for apple but for the entire benchmark s. And p. Index here is why. Well when a Company Represents close to five
Global markets are in the red. Chair is expanded to other sectors the dow jones index who raises its gains for the entire year as the internet giants continue to fall. On the program renauld makes crucial decisions after. Financial misconduct its keeping him as c. E. O. And young populations building on a strong internet infrastructure empowering entrepreneur talk to some of the. Its time for business on the w m how you got together welcome to the program tech stocks are heavily losing market value on the Trading Floor some compare it to a bubble others say its nothing to worry about the developments originated of course in the u. S. Where the big names are under pressure but repercussions are global. A Stock Market Slide driven by some of the biggest names in tech take at the beginning of this
month it was worth over a trillion dollars now its dropped to Eight Hundred Eighty Billion One reason for the decline weaker than expected demand for the latest i phone models. Not just for appl
to worry let s find out more with our financial correspondent at the new york stock exchange causes joining us now it s good to see you well we re talking about tech stocks but looking at all the figures right now it s probably fair to say that fears are expanding to other sectors right it certainly is the c.e.o. of red we just had a good handful of the big tech names losing around one trillion dollars in value from the recent highs but on tuesday the broader market sold out even more than the tech industry down by a good five hundred fifty point that was down by a good two point two percent but we also had selling pressure in the oil market the oil prices have dropped by almost seven percent or we even had the big retailers some of those selling out for ten percent or even more now talking about those retailers yen so they are under pressure especially the traditional retailers
to worry let s find out more with our financial correspondent at the new york stock exchange and scott is joining us now yes it s good to see you well we re talking about tech stocks that looking at all the figures right now it s probably fair to say that fears are expanding to other sectors right. it certainly is the c.e.o. of red we just had a good handful of the big tech names losing around one trillion dollars in value from the recent highs but on tuesday the broader market sold out even more than the tech industry down by a good five hundred fifty point that was down by a good two point two percent but we also had selling pressure in the oil market the oil prices dropped by almost seven percent or we even had the big retailers some of those selling out for ten percent or even more i m talking about those retailers they are under pressure especially the traditional retailers but the