Stocks slide in tech-led selloff
Former Kansas City Federal Reserve President and CEO Thomas Hoenig discusses U.S. monetary policy amid high inflation.
U.S. stocks tumbled on Monday in a tech-led selloff ahead of key inflation data due later this week.
The Nasdaq Composite paced the drop falling 2.57%, while the S&P 500 lost 1.82% and the Dow Jones Industrial Average dropped 547 points or 1.51%.
Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 35739.16 -492.50 -1.36%SP500 S&P 500 4604.8 -72.23 -1.54%I:COMP NASDAQ COMPOSITE INDEX 14653.00522 -282.90 -1.89%
Investors are also keeping a close eye on rising bond yields with the 10-Year Treasury at 1.79%.
STOCKS FALL, BOND YIELDS RISE AS INVESTORS GET TASTE OF 2022
Tech names took a hit with Apple, Microsoft, Amazon and Google trading lower.
Ticker Security Last Change Change % AAPL APPLE INC. 169.23 -2.94 -1.71%MSFT MICROSOFT CORP. 307.06 -6.97 -2.22%AMZN AMAZON.COM INC. 3,166.11 -84.97 -2.61%GOOGL…