U.S. stock indexes opened lower and a selloff in technology stocks deepened, as growing investor concerns about the outlook for economic growth weighed on the market.
The S&P 500 fell 1.5% Tuesday morning, while the Dow Jones Industrial Average lost 0.5%. The tech-heavy Nasdaq Composite slid 2.8%.
The losses point to a sharp turnaround from Monday, when major U.S. indexes rallied after a volatile trading session the previous week. But a profit and revenue warning later on Monday from social-media company
sent investor sentiment souring again. Asian indexes broadly fell amid declines in technology stocks. European markets also traded lower.
Snap’s shares fell about 40% Tuesday as investors digested comments that the macroeconomic environment has deteriorated more than expected. Worries about disruptions to Snap’s advertising…
