Investors Dump Tech Shares as Shutdown Relief Evaporates

Wall Street’s relief at the end of the government shutdown gave way on Thursday to new fears about a flood of delayed economic data, the prospect of slowing interest-rate cuts and the extreme valuations of tech giants. Declines were broad, with tech stocks sliding alongside the Dow Jones Industrial Average, which lost almost 800 points. For more than a month, investors have lived without key government reports that normally shape their basic understanding of the economy.