Stocks fall 2.38% to six-month low

Wall Street suffered big losses on concerns about the valuations of high-flying technology companies

Love how these reports tell us, with such an air of confidence, why rises or falls in the stock market happen.

@HowardStern

Agreed, too much opinion interjected - real reason was reduction of risk and portfolio recalculations tied to biotech and small tech, but in an effort to generalize, a lot of things are lost in translation.

I guess Abenomics is going great as planned, now to rectify it they'll blame it on something else and more debt to the people as a solution.

ryuusei Apr. 12, 2014 - 01:20AM JST real reason was reduction of risk and portfolio recalculations tied to biotech and small tech, but in an effort to generalize, a lot of things are lost in translation.

That has very little to do with the fall of the Asian market. Real reason is the U.S. interest rates could rise sooner than financial markets were anticipating and it's spooking the investors.

@sfjp330

Was not talking about Asian markets, mainly Nasdaq - also, Fed and markets were relieved that Yellen cleared up confusion about interest rates

So yes, was down to biotech/small tech and traders w/ sensitive trigger fingers

ryuusei Apr. 12, 2014 - 04:02AM JST So yes, was down to biotech/small tech and traders w/ sensitive trigger fingers

Rather, it’s one of those “typical” adjustment periods following a steady run-up. Often labeled profit-taking, it is better viewed as a buyer boycott of paying up any further. Instead, other growth stocks are on their own tracks and will proceed according to their own developments and investor views.