The rout in technology shares is poised to continue on Tuesday with Big Tech stocks coming under pressure again in premarket trading.
shares fell nearly 4% in premarket trading as Reuters reported the electric car maker and bellwether growth play halted plans to expand its Shanghai plant into an export hub.
The Nasdaq Composite lost 2.5% on Monday as investors dumped high-flying tech, resuming a trend seen earlier this year amid fears of higher inflation and interest rates.Holding tanks are seen in an aerial photograph at Colonial Pipeline's Charlotte Tank Farm in Charlotte, North Carolina, U.S. May 10, 2021.
Colonial Pipeline, which operates the largest fuel transmission line from the Gulf Coast to the Northeast, "halted all pipeline operations" on Friday night as a proactive measure following a. A criminal group criminal group known as DarkSide was responsible for the attack, the FBI confirmed. The company said the situation "remains fluid and continues to evolve," and that it's following an incremental process that will return sections to service based on a phased approach.
"This plan is based on a number of factors with safety and compliance driving our operational decisions, and the goal of substantially restoring operational service by the end of the week," the company said.3. FDA approves Pfizer Covid vaccine for kids ages 12 to 15 Thomas Gregory, 16, is inoculated by nurse Cindy Lamica with the Pfizer-BioNTech Covid-19 vaccine at the UMass Memorial Health Care COVID-19 Vaccination Center in the Mercantile Center in Worcester, Massachusetts on April 22, 2021.
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