Nasdaq nosedives 3.6% at close as tech earnings disappoint - Breaking The News
Download our appPlay StoreApp Store
Download our appPlay StoreApp Store

Nasdaq nosedives 3.6% at close as tech earnings disappoint

Markets
Christian Baha / AY

1 min read

EPA-EFE/JUSTIN LANE

Major stock exchanges on Wall Street flopped at the close on Wednesday with the Nasdaq 100 leading losses, as the latest tech earnings reports seemingly upset investors. Neither Alphabet nor Tesla managed to lift trader mood.

In politics, Israeli Prime Minister Benjamin Netanyahu addressed the United States Congress earlier today, stressing that Israel and the US "must stand together." Meanwhile, US President Joe Biden is set to deliver a speech on why he withdrew from the 2024 presidential race at 8 pm ET.

The Nasdaq 100 slumped 3.65% or 721 points at the close, with Tesla tumbling 12.33%. Simultaneously, the Dow Jones dropped 1.25% or 504 points with Visa down 4.01%. The S&P 500 plummeted 2.32% at the closing bell, as Lamb Weston plunged 28.24%.

The euro traded 0.13% below the dollar at 3:59 pm ET, going for 1.08393.

us markets
Related Stocks
EUR/USD
baha us 500
baha us 30
baha us tech
Related News
US closes lower as trade concerns continue
Major Wall Street stock indexes closed lower on Monday after United States President Donald Trump announced that he will impose a new tariff on movies made outside of the country, leading to growing concerns about how the trade war will continue to affect the stock markets, as investors await trade deals to be signed. Earlier today, Washington reportedly rejected Japan's request for an exemption from tariffs.The Dow Jones Industrial Average declined by...
US lower at open with Fed in focus
Major stock markets in the United States were lower at the opening bell on Monday as traders braced for the Federal Reserve's key interest rate decision later this week.Investors also kept a close eye on the trade relations between the US and China, expecting Washington and Beijing to resolve their differences through negotiations.The Dow Jones slumped 0.59% with Disney leading the losses, decreasing 1.95%. The Nasdaq 100 declined 0.83% after On...
US futures dip ahead of Fed decision, PMI reports
Major US stock futures declined on Monday as markets prepared for the Federal Reserve's latest policy announcement set for Wednesday, May 7.Market watchers are also eyeing potential developments in trade policy, including new tariff proposals, which could further influence sentiment and market direction in the days ahead.As of 4:23 am ET, Dow Jones futures were down 0.54% or 223 points, while the Nasdaq 100 fell 0.67% and the S&P 500 slipped 0.63%....
US closes higher on US-China trade deal optimism
Major Wall Street stock indexes closed higher on Friday after China's Commerce Ministry stated that Beijing is considering starting trade negotiations with Washington. Investors' optimism about a potentially easing trade war was further stoked by reports of the Chinese government weighing the option of tackling the fentanyl issue to solidify the beginning of the talks between the two countries.The Dow Jones Industrial Average rose by 1.39% or 564 points at...
About
Contact Us

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.