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May 10, 2021, 4:04 p.m. EDT

Nasdaq ends sharply lower as tech shares tumble, Dow dragged to loss after hitting all-time high

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By William Watts

Stocks ended lower in a tech-led selloff Monday, with the Nasdaq Composite falling sharply and the Dow Jones Industrial Average giving up a gain of more than 300 points after it pushed above the 35,000 milestone for the first time. The Dow /zigman2/quotes/210598065/realtime DJIA -0.62% , which traded at an all-time intraday high of 35,091.56, ended the day down around 33 points, or 0.1% near 34,745, according to preliminary figures. The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.04% gave up around 44 points, or 1%, to end near 4,189, while the tech-heavy Nasdaq /zigman2/quotes/210598365/realtime COMP +0.87% dropped around 350 points, or 2.5%, to close near 13,402. Shares of Facebook Inc. /zigman2/quotes/205064656/composite FB +1.64% and Google parent Alphabet Inc. /zigman2/quotes/205453964/composite GOOG +0.54% /zigman2/quotes/202490156/composite GOOGL +0.80% fell sharply after a Citibank analyst cut ratings on the stocks to neutral from buy, citing worries that investors have become overly bullish about the online-advertising market.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,823.45
-210.22 -0.62%
Volume: 354.69M
June 17, 2021 4:20p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,221.86
-1.84 -0.04%
Volume: 2.57B
June 17, 2021 4:20p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
14,161.35
+121.67 +0.87%
Volume: 4.05M
June 17, 2021 5:01p
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 336.51
+5.43 +1.64%
Volume: 17.77M
June 17, 2021 4:00p
P/E Ratio
28.79
Dividend Yield
N/A
Market Cap
$938.77 billion
Rev. per Employee
$1.47M
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/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 2,527.42
+13.49 +0.54%
Volume: 1.28M
June 17, 2021 4:00p
P/E Ratio
33.65
Dividend Yield
N/A
Market Cap
$1650.61 billion
Rev. per Employee
$1.35M
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/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 2,434.87
+19.42 +0.80%
Volume: 1.28M
June 17, 2021 4:00p
P/E Ratio
32.42
Dividend Yield
N/A
Market Cap
$1650.61 billion
Rev. per Employee
$1.35M
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