Business Standard

US stocks fall as tech selloff spreads; Dow on track to end year in the red

Some traders who stepped in to scoop up shares in late October, hoping for a quick rebound, are now in danger of losing those potential profits and more

US stocks fall as tech selloff spreads; Dow on track to end year in the red
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Corrie Driebusch | The Wall Street Journal
US stocks tumbled on Tuesday, putting major US indexes at risk of closing below their October lows and wiping out yearly gains. What started as a technology company selloff bled into other corners of the market, as investors dumped shares of everything from retailers to oil-and-gas companies in favor of relatively safe assets such as bonds and reliable dividend payers like utility companies.

The result: Some traders who stepped in to scoop up shares in late October, hoping for a quick rebound, are now in danger of losing those potential profits and more. That puts the stock market in a

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