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%.
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.
La source: SooToday - 🏆 8. / 85 Lire la suite »
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »