Tech slump drags S&P 500 back into correction territory

The benchmark S&P 500 index fell 2.2% on Monday, pushing shares more than 10% off their January highs and into correction territory. According to Bloomberg, this is the worst April start for the index since its 2.5% fall 89 years ago. Equities also lost more than on any quarterly first day since October 2011, according to the figures. Following last week's falls, when the FAANGs suffered their worst ever one-day share price drop, the technology-heavy Nasdaq fell 2.7% in Monday's trading and erased this year's gains. Shares in Asia were also down around 1% overnight, with technology...