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Asian Stocks Gain on Growth Outlook; Oil Jumps: Markets Wrap


Nasdaq 100 Tumbles, Ends 11% Below Feb. 12 Record: Markets Wrap
Bloomberg
3/8/2021
Andreea Papuc and Lynn Thomasson
(Bloomberg) Tech shares tumbled anew, sending the Nasaq 100 Index down 11% from its all-time high, as investors fled high-valuation stocks for companies whose fortunes are closely tied to the economic cycle.
The benchmark for megacap tech dropped 2.9% and is now at the lowest since November. The S&P 500 ended lower after rising as much as 1% as tech shares in the gauge dropped 2.5%. Financial firms and materials producers kept losses from being worse. The Dow Jones Industrial Average hit an all-time high before settling for a 1% gain, buoyed by rallies in banks and Walt Disney Co. Tesla Inc. pushed its five-day rout past 20%. Blank-check companies backed by Chamath Palihapitiya tumbled. ....

Hong Kong , Saudi Arabia , Christine Lagarde , Rachel Farrell , European Central Bank , Federal Reserve , China National People Congress , Bloomberg Treasuries , Asset Management , National People , Beijing Japan , Wednesday The European Central Bank , President Christine Lagarde , Friday Japan , Hang Seng Index , Shanghai Composite Index , Bloomberg Dollar Spot Index , West Texas Intermediate , ஹாங் காங் , சவுதி அரேபியா , கிறிஸ்டின் லகார்ட் , ரேச்சல் ஃப்யாரெல் , ஐரோப்பிய மைய வங்கி , கூட்டாட்சியின் இருப்பு , சீனா தேசிய மக்கள் காங்கிரஸ் , ப்ளூம்பெர்க் கருவூலங்கள் ,

U.S. Stock Futures Gain on Growth Outlook; Oil Up: Markets Wrap


Nasdaq 100 Tumbles, Ends 11% Below Feb. 12 Record: Markets Wrap
Bloomberg
3/8/2021
Andreea Papuc and Lynn Thomasson
(Bloomberg) Tech shares tumbled anew, sending the Nasaq 100 Index down 11% from its all-time high, as investors fled high-valuation stocks for companies whose fortunes are closely tied to the economic cycle.
The benchmark for megacap tech dropped 2.9% and is now at the lowest since November. The S&P 500 ended lower after rising as much as 1% as tech shares in the gauge dropped 2.5%. Financial firms and materials producers kept losses from being worse. The Dow Jones Industrial Average hit an all-time high before settling for a 1% gain, buoyed by rallies in banks and Walt Disney Co. Tesla Inc. pushed its five-day rout past 20%. Blank-check companies backed by Chamath Palihapitiya tumbled. ....

Saudi Arabia , Hong Kong , Christine Lagarde , Rachel Farrell , Joe Biden , European Central Bank , Federal Reserve , China National People Congress , President Joe Biden , Asset Management , National People , Beijing Japan , Wednesday The European Central Bank , President Christine Lagarde , Friday Nikkei , Hang Seng Index , Bloomberg Dollar Spot Index , Friday Australia , West Texas Intermediate , சவுதி அரேபியா , ஹாங் காங் , கிறிஸ்டின் லகார்ட் , ரேச்சல் ஃப்யாரெல் , ஓஹோ பிடென் , ஐரோப்பிய மைய வங்கி , கூட்டாட்சியின் இருப்பு ,