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US tech growth slips

US tech growth slips

The great US technology stock surge has reached a turning point, or - at the very least - suffered a slip. Last week, an abrupt end to the stunning share price growth experienced by some of the world's biggest corporations in the past few months dragged the S&P Technology index down 4 per cent, wiping off $140bn (£110bn) in market value. The rout continued on Monday 12 June when Apple (US:AAPL) and Netflix (US:NFLX) closed down 2.5 per cent and 4 per cent, respectively. The shares have since recovered some of the ground lost.

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