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US tech selloff worsens; crude oil rallies

from Bloomberg

The rout in U.S. technology shares worsened after spreading to Asia and Europe on concern the group had risen too far too quickly. The pound retreated as an embattled Theresa May fought to survive the fallout from the British general election. The Nasdaq 100 Index’s two-day loss topped 3.3 percent, an abrupt turnaround after closing at a record Thursday with a 21 percent gain for the year. more

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