NEW YORK, Sept. 8 (Xinhua) -- U.S. stocks plunged on Tuesday as investors continued to rotate out of the tech sector.
The Dow Jones Industrial Average dropped 632.42 points, or 2.25 percent, to end at 27,500.89. The S&P 500 sank 95.12 points, or 2.78 percent, to 3,331.84. The Nasdaq Composite Index shed 465.44 points, or 4.11 percent, to 10,847.69.
Shares of major U.S. tech giants, or the so-called FAANG group of Facebook, Apple, Amazon, Netflix and Google-parent Alphabet, all closed noticeably lower.
Tesla shares slumped more than 21 percent, weighing on the Nasdaq. The tech-heavy index pulled back 10 percent over the past three sessions.
All the 11 primary S&P 500 sectors dropped, with technology down 4.59 percent, leading the losses.
U.S.-listed Chinese companies traded lower, with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
The moves came after Wall Street's worst tech rout since March in the previous week.
The S&P 500 tech sector fell 5.83 percent on Thursday, notching its biggest one-day loss since March, and the group sank 1.34 percent further on Friday.
For the week ending Friday, the Dow declined 1.8 percent, the S&P 500 lost 2.3 percent, and the tech-heavy Nasdaq dipped 3.3 percent.
U.S. financial markets were closed on Monday in observance of Labor Day.
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