S&P 500 Decline Driven by Tech Sell-Off; Nasdaq Drops Nearly 2%
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowEuropean stocks closed down 0.57% on the global tech sell-off, with France's Cac 40 down 0.7% and Germany's DAX losing 0.8%. The tech sector fell by 3.4% while miners declined 3.3%. Ross Stores (ROST) was downgraded to equal weight with a target at $245, reflecting a 3.4% upside from its last close. SpaceX (SPCX) shares fell below $150, bringing its market cap below $2 trillion following a four-day losing streak and a price drop of over 26% from its peak.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Ross Stores Inc. (ROST)
Ross Stores is an off-price apparel and home-goods retailer operating Ross Dress for Less.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Earlier ROST news
- Ross Stores (ROST) Trading at 29 Times Earnings Estimates
- Ross Stores Reports Form 144 Filing on March 25, Specific Shares Noted
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
