Question

Report (summarize, discuss or analyze) at least one international financial news/events occurred in the current weeks about global financial markets, the financial markets of US or other countries/ regions.

Note 1: include but not limited to news/events about foreign currency, international monetary system, multinational corporation operation, capital flow, cross-border merger and acquisition, international banking, and global investment.

Note 2: please indicate the information sources such as the web links or any references.

Note 3: grades on relevance and significance of the news/events.

Answer 1

HEADLINE - Dow plummets 632 points as tech-sector carnage spoils another day

US equities tumbled on Tuesday as investors ontinued to dump highly valued tech giants. The tech-heavy Nasdaq composite index dropped more than 4%, extending its loss to 11% in the period since Sept. 2.

Apple, Microsoft, and Facebook slumped along with top work-work-from-home plays including Zoom Video and Docusign. Tech stocks led the market slide, while utilities and health care names were the most insulated.

Treasurys and the US dollar gained as traders shifted cash to safe heavens

Investors also mulled President Trump's plan to end US's reliance on Chinese exports. The statement threaten to reignite the US-China trade war after weeks of relative calm.

Oil futures dropped below $40 a barrel on fresh warnings of demand weakness. West Texas Intermediate crude sank as much 9.2%, to $36.13 per barrel.

source - business insider