Dow tumbles more than 500 points as tech woes rattle Wall Street

Dow tumbles more than 500 points as tech woes rattle Wall Street

Mar 05,2024
New York CNN  — 

Stocks tumbled Tuesday with tech stocks leading the way, continuing to retreat from record highs set last week.

The Dow fell 502 points, or 1.3%. The S&P 500 slipped 1.4% and the Nasdaq Composite slid 2.1%.

That comes after the Nasdaq Composite last week reached a new all-time high for the first time since 2021, while the S&P 500 also surged to a new record high.

Apple shares declined 2.9% Tuesday afternoon after Counterpoint Research said in a new report that iPhone sales in China fell 24% year-over-year during the first six weeks of 2024, as it faces steep competition from companies including OPPO, Vivo and Xiaomi.

Meanwhile, shares of Advanced Micro Devices slipped 1.3% following a report from Bloomberg News, citing anonymous sources, that the chipmaker is facing regulatory hurdles in selling its AI processor in China.

Other tech stocks fell. Nvidia shares fell 0.3%, Meta Platforms shares declined 2%, Microsoft shares lost 3.2% and Micron Technologies shares lost 1.9%.

All of the S&P 500’s sectors fell on Tuesday, except for energy and consumer staples.

Still, gold rose on Tuesday to settle at yet another record high of $2,141.90 a troy ounce.

This is a developing story and will be updated.

Maybe You Like

Investors are fearful. They shouldn’t be

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN —...

What stalled this year’s seemingly infallible stock market rally

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN —...

Oil prices get short-lived boost from attack on Iran

Hong Kong/London CNN — Oil prices jumped overnight after explosions were reported near the Iranian city of Isfahan, but those gains dissipated Friday as officials sought to play down the latest escalation in Middle East tensions....

Latest Added Hyip programs

WinTomato (wintomato.com)
Added: Apr 23,2024
(63)
trxminingfarm (trxminingfarm.pro)
Added: Apr 23,2024
(24)
vatfin.com (vatfin.com)
Added: Apr 23,2024
(43)
Crypto Mania (cryptomania.expert)
Added: Apr 22,2024
(63)
MineCore (minecore.online)
Added: Apr 22,2024
(101)
Best-gold.sbs (best-gold.sbs)
Added: Apr 22,2024
(150)
Addex.cc (addex.cc)
Added: Apr 21,2024
(146)
Noweon.net (noweon.net)
Added: Apr 21,2024
(87)