As investors anticipated quarterly reports from companies in that group, the S&P 500 experienced a down day on Tuesday, led by losses in megacap tech firms.
As the Federal Reserve started its most recent policy meeting, traders also focused on Washington. The Nasdaq Composite closed at 17,147.42, down 1.28% from the day’s opening close of 5,436.44, the broad market index down 0.5%.
The Dow Jones Industrial Average reached 40,743.33, up 203.40 points, or 0.5%. Microsoft’s stock fell by roughly 0.9%, while Nvidia’s fell by 7%. Tech behemoths Meta Platforms, Netflix, and Amazon also saw a dip.
Source (CNBC)
