Nasdaq drops 500 points due to tech selloff led by Tesla

From Google: 2024-07-24 15:09:00

The Nasdaq dropped 500 points amid a major tech selloff, driven by Tesla’s stock performance. The overall market saw a significant decline throughout the day. Tesla shares plummeted by 1.7%, while other tech giants like Apple and Amazon also experienced losses. Investors were cautious as inflation fears and rising interest rates added to the negative sentiment. This selloff comes after a period of strong gains in the technology sector, signaling a shift in investor confidence. The market volatility reflects ongoing concerns about the impact of these external factors on the stock market.



Read more at Google: Stock Market Today: Nasdaq Falls 500 Points as Tesla Leads Tech Selloff – The Wall Street Journal