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Nasdaq ends sharply lower as investors dump growth stocks

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Reuters

By Shreyashi Sanyal and Noel Randewich (Reuters) -The Nasdaq ended sharply lower on Thursday as the Federal Reserve’s announcement of a faster end to its pandemic-era stimulus pushed investors away from Big Tech and toward more economically sensitive sectors. Nvidia Apple Microsoft, Amazon and Tesla tumbled between 2.6% and 6.8%, hitting the Nasdaq and the S&P 500, while the Dow Jones Industrial Average declined marginally. Most of those heavyweight growth stocks have outperformed the broader market in 2021, with Nvidia up more than 100% year to date. The Dow Jones Industrial Average fell 0.08…

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