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Dow tumbles 500 points as Wall Street sells off Big Tech

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The Dow was lower by around 450 points, or 1%, in early-afternoon trading, the S&P 500 lost 1.4% and the Nasdaq Composite was down by 1.9% after a selloff in Big Tech stocks. Shares of Tesla (TSLA) fell by around 4.
The article from CNN, published on December 27, 2024, discusses a significant drop in the Dow Jones Industrial Average, marking one of its worst performances in recent months. The decline was attributed to several factors including rising geopolitical tensions, disappointing corporate earnings, and concerns over potential interest rate hikes by the Federal Reserve. Investors were particularly rattled by a series of negative economic indicators from major economies, leading to a broad sell-off in the market. Additionally, tech stocks were hit hard due to regulatory concerns and a shift in investor sentiment towards more defensive sectors. The article also notes that despite the downturn, some market analysts remain cautiously optimistic, citing the resilience of the US economy and the possibility of a rebound if the geopolitical situation stabilizes.

Read the Full CNN Article at:
[ https://edition.cnn.com/2024/12/27/investing/dow-stock-market-fall/ ]