U.S. Tech-Stock Selloff Intensifies\, Oil Tumbles: Markets Wrap

U.S. Tech-Stock Selloff Intensifies, Oil Tumbles: Markets Wrap
Traders work on the floor of the New York Stock Exchange. (Photographer: Michael Nagle/Bloomberg)

U.S. Tech-Stock Selloff Intensifies, Oil Tumbles: Markets Wrap

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(Bloomberg) -- U.S. technology shares tumbled as volatility continued to grip financial markets after a torrid five-month rally. Oil plunged, while Treasuries rose with the dollar.