Business
Tesla Swoons as Tech Stock Rout Deepens – The Wall Street Journal
Nasdaq was down modestly but on track to extend losing streak to six sessions
Tech stocks bounced back from their worst open in months Tuesday, after prepared testimony from Federal Reserve Chairman Jerome Powell cooled the rate fears that have fueled a late February rout.
Many major stocks were down, but only modestly so. Tesla Inc. had fallen 5% after dropping as much as 12% in early trading, while the Nasdaq Composite Index was down 1.9% after an early decline of 4% put it on track for its worst day since September. The index is down about 6% from its peak Feb. 12, as…
