US markets witness a bloodbath as tech selloff and rising yields weigh on markets
US stocks extended losses in Friday’s trading session, with the benchmark S&P 500 falling 1% to wipe out nearly $790 billion in market capitalisation, while the Nasdaq Composite declined 1.3%, erasing about $500 billion amid a sharp selloff in technology shares. The Dow Jones Industrial Average also slipped 515 points, or 1%, as investors turned…
