Tech stocks drag down Nasdaq
Tech stocks drag down Nasdaq
Last Updated : Nov 30 2017 | 1:36 PM IST
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 and 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.