- Nasdaq closes 3.52% lower at 13,119.
- Bitcoin plummets 5.24% overnight to around US$47,000.
- Twitter introduces new paid content and group formation features.
The Dow Jones fell 1.75% to finish the trading day down 560 points to 31,402 after technology stocks were sold off heavily during the session.
The tech-heavy Nasdaq fell 3.52% to finish the trading day down 479 points to close at 13,119 points, its worst day in four months.
The Australian dollar is firm against the major currencies and is buying US$0.79.
One Bitcoin is worth US$47,337 after it lost 5.24% in the last 24 hours, while Ethereum is currently priced at US$1,477.
In tech news, Microsoft founder Bill Gates has spoken out against investing in Bitcoin, saying he prefers to invest in companies that make products.
Twitter is introducing some new features including allowing users to charge their followers for access to certain content and the ability to create and join groups based on specific interests.
And Apple is training Siri to better understand users with atypical speech using a bank of 28,000 audio clips, including voices with a stutter.