Tech stocks drag down Nasdaq

Updated:8 years, 6 months ago

New Delhi, Nov 30 (ANI): Investors fled high-flying tech stocks and shifted to banks, pulling down the Nasdaq Composite Index and driving the Dow to a record high on Wednesday. Bank stocks and strong economic data lifted the Dow to record territory. But a drop in tech stocks dragged down the S&P and Nasdaq. Bitcoin topped $11,000. The crypto currency gained more than $1,000 in just 12 hours, stoking concerns of a bubble. British stocks fell on reports of a breakthrough in Brexit talks, but other European markets rebounded slightly.

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Tech stocks drag down Nasdaq

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