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Investing.com Weekly Wrap-Up 05 February 2016
Friday, February 5, 2016 17:50
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Written by Investing.com Staff, Investing.com
U.S. stocks plunge as NASDAQ crashes 3%, amid massive tech romp
U.S. stocks fell precipitously on Friday, amid a romp in technology stocks and the release of a relatively optimistic U.S. jobs report, which increased the possibility that the Federal Reserve could increase the pace of its tightening cycle this year.
The Dow Jones Industrial Average fell 211.75 or 1.29% to 16,204.83, while theNASDAQ Composite index crashed 146.42 or 3.25% to 4,363.14, as its IBB Biotechnology Index plummeted as much as 4% on the session.
Source: http://econintersect.com/pages/investing/investing.php?post=201602051802
