Nasdaq futures down 1% after a sell-off in Big Tech pushes stocks off records [MSNBC.com]
Meta Platforms, Inc. - Class A (FB)
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Source: MSNBC.com
FAANG stocks displayed at the Nasdaq.Adam Jeffery | CNBCNasdaq futures slipped Monday evening after investors punished Big Tech equities during the regular session and pushed both the Dow Jones Industrial Average and the S&P 500 off record levels.S&P 500 futures traded 0.6% lower, while those tied to the Dow fell about 67 points. Nasdaq 100 futures came under pressure and retreated 1%.Big Tech got clobbered on Monday as investors exited stocks likeAppleMicrosoftThe Nasdaq Composite suffered the worse of the selling and fell 2.5%, finishing the day at its session low. Facebook lost more than 4%, while Amazon and Netflix both dropped over 3%.Alphabetdipped more than 2% after a downgrade by Citigroupits lowest level since NovemberTeslaVIDEO5:5805:58Strategas' Chris Verrone says yields are headed higher from hereFast MoneyGasoline futureswhipsawed in volatile tradingthe largest U.S. fuel pipelineSeveral stocks made moves in extended trading on Monday following earnings results.Simon Prope
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