Tech Sector Sell-Off on Wall Street Drags Down the Market
Deep losses in major technology companies led Wall Street to close out its worst week since the end of June.
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Persistent declines in shares of major technology companies triggered a general sell-off on Wall Street, causing the markets to close downward.
Weekly Loss in the Markets
A widespread sell-off in technology companies on Friday caused stocks on Wall Street to lose value.
Decline in the S&P 500 Index
With these latest developments, the S&P 500 index recorded a 1.1 percent decline.
All-Time High Wiped Out
The index's drop of approximately 2 percent over the week completely erased the gains from last week, when it hit an all-time high.