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Tech stocks plummet as coronavirus fears send traders fleeing to safety

trader arm outstretched nyse

  • Coronavirus fears returned to US stocks on Friday, sending the Nasdaq 100 to its worst day in almost four weeks.
  • Declines were led by Hasbro, Nvidia, and Advanced Micro Devices, three names with supply chain exposure in China.
  • Safe-haven assets rallied, with the yield on the 30-year Treasury note hitting an all-time low.
  • Visit Business Insider’s homepage for more stories.

US stocks tumbled on Friday amid mounting coronavirus fears. The tech-heavy Nasdaq 100 was hit particularly hard, registering its worst single-day drop in almost four weeks.

Among names leading the decline were semiconductor makers: Advanced Micro Devices fell 7%, while read more >>>

Source:: BusinessInsider.Com