US indexes fall as Big Tech tumbles

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For stock bulls, the good news was that 35,000 Dow did happen on Monday.

However, it only lasted a few hours, before the index ended 0.1% lower. From a technical perspective, it was ripe for a pullback, given that its 14-day relative strength index had breached the 70 mark which signals overbought levels.

 

Monday’s drop was far more noticeable in US tech stocks, with benchmark indexes dragged lower by tech megacaps:

Microsoft: -2.09%
Alphabet: -2.56%
Apple: -2.58%
Amazon: -3.07%
Facebook: -4.11%
Tesla: -6.44%

Note that these six stocks listed above… Read More:

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