Sell-off in U.S. tech stocks intensifies

March 10, according to Golden Ten cited brokerage China reported that tonight, the United States stocks across the board fell heavily, as of 22:30 Beijing time, the Dow fell more than 1%, the Nasdaq plummeted more than 3%, the S&P 500 index plunged more than 2%. Some analysts said the market's worries about the US recession and tariff policies reversed investors' risk appetite, with the VIX fear index jumping more than 14%, touching its highest level since 18 December last year. Among them, Tesla early in the session once plunged more than 9%, the latest share price than the highest price in history has been ‘cut’. On the news, Wall Street institutions on Tesla's outlook is more and more pessimistic, UBS, JP Morgan, Goldman Sachs and so on have cut its target price. At the same time, other large U.S. technology stocks also fell across the board, Apple, Nvidia, Google, Meta fell more than 4%. It is worth noting that the current U.S. stock market trading style is changing dramatically. In the U.S. trade policy uncertainty and recession expectations of the double pressure, U.S. stock investors are turning to defensive strategy: sell technology stocks, buy high dividend dividend stocks.