The Dow Jones Industrial Average fell 1.4% on Tuesday, its biggest one-day drop in nearly two weeks as investors were reminded that the tech bubble has not yet burst.
The market’s recent losses have been exacerbated by fears about the effects of President Donald Trump’s executive order barring immigrants and refugees from seven Muslim-majority countries from entering the US.
On Wednesday, the Dow lost 754 points, while the S&P 500 lost 8,913.
The Nasdaq lost 11,814, while Facebook fell 7,072.
The Dow, the S & P 500 and Nasdaq all traded up more than 3%.
The S&P 500 has gained just 0.8% since the start of the year.
The US has seen a number of tech bubble-related events, including the company that owns Instagram that posted its worst quarterly profit in three years and the US government warning investors about potential financial meltdowns if tech stocks continue to slide.
In the wake of the Dow’s decline, tech investors have begun to look at other stocks that have experienced similar market drops, including Twitter, Amazon and Netflix.
In an article posted on CNBC, Facebook’s CEO Mark Zuckerberg said that he and other investors will keep watching for signs that the stock is in a bubble.
“The stock market is just going through a very painful phase,” Zuckerberg wrote in the article.
“I’m sure we’ll keep watching.
We can’t wait to see how this plays out.”
He also suggested that the bubble might not be in the US at all.
“We’re going to continue to invest in technology companies, we’re going the right way,” Zuckerberg said.
“We are going to be investing in a lot of things that are doing great things, including social media, and we’re not going to let this go to waste.”
The Dow is down more than 10% in 2017, while stocks in the S and P 500 have dropped more than 11%.