US Stock Market Alert: Major Tech Selloff Intensifies, Oracle Leads Decline
Stock News
Yesterday
On Tuesday, a broad selloff swept through major technology stocks, with Oracle Corp (NYSE: ORCL) tumbling more than 3% to lead the decline. The downward pressure extended to other industry heavyweights, as Tesla Inc (NASDAQ: TSLA) and Amazon.com Inc (NASDAQ: AMZN) each dropped over 2%, while Nvidia Corp (NASDAQ: NVDA) slipped by more than 1%.
The weakness in the tech sector dragged all three major US indices into negative territory during intraday trading. As of the latest update, the Dow Jones Industrial Average fell 0.18%, the tech-heavy Nasdaq Composite declined 0.89%, and the S&P 500 index dropped 0.48%.
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