Stock market news today: Stocks smoked, Nasdaq falls over 3.5% in worst day since 2022 after Tesla, Alphabet trigger Big Tech sell-off

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 18 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Tesla Earnings Nouvelles

Quarterly Earnings,Alphabet,Tech Stocks

Disappointing Alphabet and Tesla earnings have stirred up worries that Big Tech's power to fuel stock market gains is fading.

Tech stocks took a drubbing on Wednesday after lackluster Alphabet and Tesla earnings stirred up worries that Big Tech's power to fuel gains is fading. The benchmark S&P 500 tumbled more than 2% for the first time in more than a year, while the Dow Jones Industrial Average dropped about 1.2%. The tech-heavy Nasdaq Composite led the losses, falling about 3.6%, for its worst day since October 2022.

EV maker Tesla's stock price slid more than 12%, while Alphabet shares dropped more than 5%. In aggregate, the Magnificent 7 tech stocks lost more than $750 billion in market cap on Wednesday, the most on record for the group. Chip stocks also tumbled on Wednesday as Nvidia fell almost 7% while Broadcom and Arm each dropped about 8%.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: Big Tech slumps after profits from Alphabet and Tesla fail to impressNEW YORK (AP) — Drops for Tesla and Google parent company Alphabet are dragging indexes lower after the Big Tech giants delivered earnings that failed to impress. The S&P 500 fell 1.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market news today: Nasdaq sinks over 3% as Tesla, Alphabet triggered tech sell-offDisappointing Alphabet and Tesla earnings have stirred up worries that Big Tech's power to fuel stock market gains is fading.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market news today: Nasdaq sinks near 3% as Tesla, Alphabet earnings spark tech sell-offDisappointing Alphabet and Tesla earnings have stirred up worries that Big Tech's power to fuel stock market gains is fading.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

The Daily Chase: Tesla, Alphabet after the bell highlight big day for earningsHere are five things you need to know this morning.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Stock market news today: US stocks slip ahead of Alphabet, Tesla resultsA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »