Tech shares resumed their slide, dragging U.S. stocks lower. The Nasdaq fell about 4% into correction territory, and the Dow lost more than 600 points.
Big technology stocks pulled back Tuesday for the third consecutive trading session, sparked by growing concerns that some of the stocks seen as beneficiaries of the coronavirus pandemic have climbed too far too quickly.
Among the biggest decliners were shares of Apple, Amazon.com, Facebook and Zoom Video Communications, all of which fell more than 4%. Despite their recent losses, the stocks are still up sharply for the year, buoyed by the stay-home orders aimed at slowing the spread of the virus.
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