The stock market experienced a rollercoaster ride on Tuesday, with the S&P 500 and NASDAQ tumbling lower as shares of chipmakers and mega-cap companies faced downward pressure. The Dow, however, eked out a modest gain. This fluctuation comes as investors brace for a wave of big Tech earnings reports this week. But what's driving this volatility, and what does it mean for the future of tech stocks?
The stock market took a stunning nosedive on Wednesday, with the S&P 500 and NASDAQ experiencing their largest single-day losses in nearly two years. The decline was led by the same big Tech names that had fueled the market's rally this year. The Dow lost a whopping 1.9%, the S&P 500 plunged 2.3%, and the tech-heavy NASDAQ nosedived more than 3.6%. What's behind this dramatic shift, and what does it mean for investors and the future of technology?