Economics
Nasdaq Composite Falls Most Since 2011 Amid Tech Selloff
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U.S. stocks tumbled, with the Nasdaq Composite Index falling the most since 2011, as a technology selloff resumed amid concern valuations may be too high at the start of earnings season.
Bed Bath & Beyond Inc. erased 6.2 percent after predicting quarterly profit below estimates. A gauge of Internet stocks tumbled the most since 2011, while biotechnology shares approached a bear market. EBay Inc. dropped 3.2 percent after reaching a deal with Carl Icahn to end his proxy fight by agreeing to add another independent director to the board.