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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

19 March 2025 03:07  |

US Stocks Sink as Tech Sell-Off Deepens

Wall Street’s sell-off resumed on Tuesday after two days of gains, dragging major indices lower.

The S&P 500 slid 1.1%, edging closer to correction territory, while the Dow dropped 260 points and the Nasdaq 100 tumbled 1.6% under pressure from tech weakness.

Tesla plunged 5.3% after RBC Capital Markets slashed its price target, citing intensifying EV competition. Alphabet shares fell 2.4% following news that Google will acquire cloud security firm Wiz for $32 billion.

Other tech giants, including Nvidia and Palantir, also posted losses of 3.2% and 4%, respectively. Investors are on edge ahead of the Federal Reserve’s policy decision on Wednesday, with markets broadly anticipating rates to remain unchanged.

Meanwhile, a stronger-than-expected rise in housing starts contrasted with inflation concerns stemming from import price pressures, adding to market uncertainty.

Source: Trading Economics

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