Major US stock markets extended their losses on Tuesday. The Dow Jones fell sharply, losing over 320 points, as a broad sell-off in the technology sector took its toll on Wall Street.
Tech giants Tesla, Netflix, and Microsoft experienced notable losses, each shedding more than 2% of their value. Advanced Micro Devices (AMD) saw a decline of more than 1% after news of regulatory challenges in China. GitLab's shares plummeted over 19% after the company projected a weak full-year forecast.
At 11:54 am ET, the Dow Jones lost 0.83% or 322 points, while the Nasdaq 100 fell 1.85%, and the S&P 500 declined 1.01%. On the currency front, the euro was flat against the dollar a minute later, selling for $1.08604.
