Wall Street extends losses, Dow plunges 500 points

Tuesday, 11. May 2021 16:30

Stocks on Wall Street extended losses on Tuesday with the Dow Jones plummeting over 500 points. The sell-off comes amid worries of rising inflation which is causing investors to sell Big Tech shares.

The Dow Jones plunged 1.51% or 524 points at 10:30 am ET. The worst performer was Apple, whose stock tumbled 2.76% at 10:39 am ET.

The Nasdaq 100 dropped 1.47% at 10:32 am ET with Applied Materials, down 4.28%, leading the losses. Tesla was also down more than 4%.

The S&P 500 slid 1.55% at 10:33 am ET.

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Breaking the News / NP