Nasdaq falls as big tech slides; Federal Reserve minutes in focus

The Nasdaq fell on Wednesday led by a slide in big technology firms as investors rotated out of growth stocks, while awaiting the release of minutes from the U.S Federal Reserve's January meeting later in the day. Shares in Apple Inc, Tesla Inc and Microsoft Corp fell between 1.0% and 2.

5%, weighing the most on the tech-heavy index. The S&P 500 technology sector fell 0.9%, while the communication services sector dropped 0.1%.   Both the S&P sectors house many stocks with high earnings multiples, which many analysts say.....

This article is no longer available in our repository.

There could be multiple reasons for this.