Nasdaq Falls 2% as Investors Sell Tech Stocks, Oil Prices Rise
Listen to the story
The Nasdaq is a big stock market in the US. It fell 2% on Wednesday.
This week, the Nasdaq is having its worst week since June. Many tech stocks went down in price.
Investors are selling AI stocks. AI means computers that can think like people. Many investors bought these stocks before. Now they are selling them.
This is called a rotation. It means investors move money from one kind of stock to another kind.
At the same time, the price of oil went up. Oil is important for cars and factories.
The S&P 500 is another big stock market list. It also fell because of the tech selloff.
A selloff happens when many people sell stocks at the same time. This makes prices go down fast.
People who buy and sell stocks are called investors. They watch the market every day.
Wall Street is a street in New York. Many big banks and stock markets are there.
This week has been difficult for tech companies on Wall Street.
Vocabulary15 words
- Nasdaq
- a big list of stock prices, mostly tech companies
- stock market
- a place where people buy and sell parts of companies
- AI
- computers that can think and learn like people
- rotation
- moving money from one thing to another
- oil
- a liquid used for fuel and energy
- S&P 500
- a list of 500 big US companies
- selloff
- when many people sell at the same time
- investors
- people who buy and sell stocks
- Wall Street
- a place in New York with big banks and markets
- tech
- short word for technology companies
- index
- a number that shows how a market is doing
- price
- how much something costs
- week
- seven days
- money
- what people use to buy things
- company
- a business that sells things or services
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Quiz
Answer key
1. 2% 2. AI stocks 3. False
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
The _____ is a big stock market in the US. It fell 2% on Wednesday.
This week, the Nasdaq is having its worst week since _____.
Investors are selling _____ stocks. Many investors bought these stocks before.
This is called a _____. It means investors move money from one kind of stock to another.
At the same time, the price of _____ went up.
The _____ is another big stock market list. It also fell.
A _____ happens when many people sell stocks at the same time.
People who buy and sell stocks are called _____.
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