Cclxxvii no. 5 Wsj com Hhhh $ 0 djia 31802. 44 À 306. 14 0% nasdaq



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The Wall Street Journal - 09.03.2021

B
Y
B
RIANNA
A
BBOTT
CDC Relaxes Safety Guidance
For Fully Vaccinated People
B
Y
M
IRIAM
G
OTTFRIED
A
ND
L
ESLIE
S
CISM
Apollo
To Solidify
Ownership
Of Athene
 House aims to pass modified
coronavirus aid bill soon..... A2
 Your Health: Navigating daily
life after vaccination............. A9
 Treasury bond yields rise
after stimulus gains............. B11
 Texas official seeks reversal
of electricity overcharges... A6
Technology stocks continued
falling Monday, pulling the Nas-
daq Composite into correction
territory, as a selloff in U.S.
government bonds extended
into a sixth week and sapped
demand for the once highflying
shares.
The Nasdaq dropped 310.99
points, or 2.4%, to 12609.16, ex-
tending the declines from its
Feb. 12 record to more than
10%. Rising bond yields dent
the allure of growth stocks like
those of big tech companies.
Apple shares dropped $5.06,
or 4.2%, to $116.36, extending
their declines for the year to
12%. Netflix and Facebook
posted declines of more than
3%, while Tesla, another inves-
tor favorite, shed $34.95, or
5.8%, to $563. Shares of the
electric-vehicle maker have
dropped more than 20% in
2021.
Meanwhile, a rotation in the
stock market continued: The
Dow Jones Industrial Average
surged 306.14 points, or 1%, to
31802.44 following progress on
a new fiscal stimulus bill that
brightened economic prospects.
The blue-chip index—which is
weighted more heavily toward
cyclical sectors—surged as
Please turn to page A2

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