Dow falls over 300 points early Tuesday as tech stocks get slammed amid renewed inflation fears

U.S. stock benchmarks opened solidly lower Tuesday, with inflation worries seen keeping pressure on previously highflying tech stocks...

Dow falls over 300 points early Tuesday as tech stocks get slammed amid renewed inflation fears

U.S. stock benchmarks opened positively lower Tuesday, with expansion stresses seen keeping tension on already highflying tech stocks. The Dow Jones Industrial Average fell 0.9%, or more than 300 focuses, to exchange at around 34,423, the S&P 500 record was down 1.2% at 4,137, while the Nasdaq Composite Index declined 1.6% to 13,185. The market's new selloff has been for the most part moved in tech and development stocks as financial backers shift out of highflying speculations and purchase resources that are seen as performing better during the normal monetary improvement from the COVID pandemic. In corporate news, Novavax Inc. late Monday said income moved in the most recent quarter as the organization saw positive outcomes from its COVID-19 immunization preliminaries in the U.K. furthermore, South Africa. Offers were down 20%.