Technology stocks were leading the broad-market selloff (http://www.marketwatch.com/story/dow-futures-sink-more-than-300-points-to-kick-of-2019-as-asian-markets-tumble-2019-01-02) ahead of Wednesday's open, with the Invesco QQQ ETF (QQQ), which tracks the tech-heavy Nasdaq 100 , shedding 2.4% in active trade. Meanwhile, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 , shed 1.7% premarket. Among the QQQ's most-heavily weighted components, shares of Microsoft Corp. (MSFT) shed 2.2%, Apple Inc. (AAPL) lost 2.0%, Amazon.com Inc. (AMZN) gave up 2.5%, Google parent Alphabet Inc. (GOOGL) dropped 2.1% and Facebook Inc. (FB) declined 2.6%. The QQQs had run up 7.5% over the previous four sessions, after closing Dec. 24 at a 15-month low.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 02, 2019 09:01 ET (14:01 GMT)
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