Regulation fears continue to weigh on the big name tech
The Nasdaq is now down -148 points or -1.99% as the index continues to get hammered on tech anti-trust regulation fears.
The S&P is also trading at new sesssion lows but its decline is only -0.72% on the day at 2732.17.
Big losers:
- Facebook, -8.11%
- Alphabet, -6.76%
- Twitter -5.95%
- Amazon, -5.54%
- Adobe, -4.46%
- Microsoft, -3.69%
Apple is not down as much at -1.75%.
It's getting ugly in the tech sector. Looking at the Nasdaq on the daily chart, the index is below the March 8 low at 7334.352 with the next target being the February 8 low at 7225.13. The 50% retracement of the move up from December comes in at 7183.123.
