Nasdaq slumps 2% ahead of Big Tech earnings
The tech-heavy Nasdaq slumped more than 2% on Tuesday as nerves around Big Tech earnings this week added to worries over slowing global growth and a more hawkish Federal Reserve.
Source: www.reuters.com
1 Min Read
(Reuters) - U.S. stock indexes fell at open on Tuesday as investors waited to see if earnings from Big Tech companies this week will provide support to a market worried about high inflation and slowing global growth.
The Dow Jones Industrial Average fell 142.0 points, or 0.42%, at the open to 33907.49.
The S&P 500 fell 18.0 points, or 0.42%, at the open to 4278.14, while the Nasdaq Composite dropped 86.8 points, or 0.67%, to 12918.039 at the opening bell.
Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Maju Samuel
