The Nasdaq fell 1.9% on Tuesday, pacing a broader market decline that was sparked by concerns of rising interest rates.Leonardo Munoz | View Press | Corbis News | Getty Images
The Nasdaq fell 1.9% on Tuesday to close at 13,059.47. The tech-heavy index declined 5.8% in September. While it's still up 25% this year, the Nasdaq is trading at its lowest level since May.shares sank 6.5%, their second biggest drop of the year, after analysts at KeyBanc downgraded the stock to the equivalent of a hold from a buy. The firm lowered its adjusted earnings expectations through 2025, as consumers shift back to buying more physical goods.
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