Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreats
- A wipeout on Wall Street caused U.S. Stock indexes to have their worst day since 2022, with Big Tech pushing the market down after profit reports from Tesla and Alphabet.
- The S&P 500 dropped 2.3%, marking its fifth decline in six days, while the Nasdaq composite fell 3.6%.
- Critics say Big Tech stocks, including Nvidia, have become too expensive after a significant rise earlier this year.
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