It was an ugly day for U.S. markets. Fears over inflation, the global energy crisis and Fed tapering spooked investors again and a selloff in big tech stocks resumed. Apple cratered, sending its shares into correction territory. Amazon turned negative on 2021. The Nasdaq had its worst day since June and the S&P 500 slid more than 1%. In other words, October’s reputation for volatility remains intact.
Bloomberg Evening Briefing