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U.S. swimmer Caeleb Dressel wins 50-meter freestyle final, sets new Olympic record

Aug. 01, 2021 01:36AM EST
Dan Ackermann

American swimmer Caeleb Dressel won gold and set an Olympic record in the men's 50-meter freestyle on Saturday, beating his own world record that he set in 2020.

The big picture: This was his last race in Tokyo. Dressel won gold in the men's 100-meter butterfly, 100-meter freestyle and 4x100-meter medley relay in Tokyo. He also broke the world record in the men's 100-meter butterfly final on Friday.

  • Dressel had two gold medals going into the Tokyo Olympics.

Go deeper: Full Axios Olympics coverage

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Stocks drop 3% amid tech sell-off

Stocks dropped more than 3% on Thursday — the market's worst drop since June — while the Nasdaq fell 4.5%.

The big picture: The indices are still hovering near their highest levels ever — the S&P 500 is still higher than it was at any time before the pandemic — but the pullback is being led by a drop in the technology stocks which led the advance to record highs.

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