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Dow plunges more than 450 points ahead of Fed testimony as Apple slams Nasdaq
AppleApple(US:AAPL) New York Post·2024-03-05 20:14

Wall Street fell on Tuesday, with weakness in megacap growth stocks such as Apple and Tesla weighing on the Nasdaq, while investors assessed a slew of economic data and awaited remarks from Federal Reserve Chair Jerome Powell.In afternoon trading, the Dow Jones Industrial Average tumbled 459 points, or 1.2%, to 38,507, the S&P 500 slid 1.3%, and the Nasdaq was down 2%.Data showed US services industry growth slowed a bit in February amid a decline in employment, but a measure of new orders increased to a six ...