Stock market today: Back down goes Wall Street as Big Tech resumes its slide

NEW YORK (AP) — Wall Street swung back down on Tuesday, and its former superstars once again led the way.

The S&P 500 dropped 1.1% for its latest swerve in a scary ride, where it tumbled by 10% from its record and then rallied for two straight days. The Dow Jones Industrial Average fell 260 points, or 0.6%, and the Nasdaq composite sank 1.7%.

Tesla was one of the heaviest weights on the market after falling 5.3%. The electric-vehicle maker’s stock has been struggling on worries that it will lose sales because of anger at its CEO, Elon Musk, who has been leading efforts to cut spending by

→ Continue reading at The Associated Press

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