Stocks kicked off the new month in the red, with all three major averages suffering their worst days since the Aug. 5 global market sell-off. TheWorkers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.. According to the Institute for Supply Management's monthly survey of purchasing managers, only 47.
Other key names plunged as well on Tuesday, with Marvell and Intel losing more than 8% and AMD losing 7.8%. Adding fuel to the fire, Nvidia sharesthat the chipmaker got a subpoena from the Department of Justice related to an antitrust investigation. The investigation, however, has not yet reached the formal complaint stage, Bloomberg said.the Musk-owned social media platform in order to continue operations in the country without risking its license. Musk also owns SpaceX.