U.S. stocks fell again following a sell-off that swept Europe and Asia
U.S. stocks fell again following a sell-off that swept Europe and Asia.
The S&P 500 sank 0.8% Tuesday after earlier dropping as much as 1.5%. The Dow Jones Industrial Average fell 1.1%, and the Nasdaq composite sank 1.2%.
Nvidia was again the heaviest weight on the market as worries continue that its price shot too high in the frenzy around artificial-intelligence technology. Bitcoin, another former high-flyer, briefly dropped below $90,000.
Stock indexes fell around the world as questions rise about whether stocks have broadly become too expensive and whether the Federal Reserve will keep cutting interest rates.
The Dow Jones Industrial Average fell 498.50 points, or 1.1%, to 46,091.74.
The Nasdaq composite fell 275.23 points, or 1.2%, to 22,432.85.
The Russell 2000 index of smaller companies rose 7.36 points, or 0.3%, to 2,348.74.
