Tech shares take beating as Wall Avenue ends week with thud

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Wall Avenue sputtered into Friday’s shut with the three main indexes seeing pink over a slew of financial knowledge and headlines.

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A sell-off in tech shares spurred by worries that tensions between the US and China would intensify led the Nasdaq to shed 3.2 %, to shut at 7,788.45 this week — its worst weekly efficiency since March.

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“Tech shares have taken a number of warmth on the China concern,” Donald Selkin, chief market strategist at Newbridge Securities, informed The Submit.

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