Jul 18, 12:30 AM

Stocks Plummet on Wednesday as S&P 500 Drops 1.4% and Nasdaq Composite Falls 2.8%

Stocks plummeted on Wall Street on Wednesday, with the S&P 500 and Nasdaq Composite experiencing significant declines. The S&P 500 saw its lowest point since April, dropping 1.4%, while the Nasdaq Composite fell nearly 2.8%, marking its steepest decline since late 2022. The decline was driven by a sharp drop in microchip shares amid potential escalation of U.S. trade conflicts with China. This exacerbated the ongoing rotation out of megacap tech-related stocks.

#Wall Street #Nasdaq Composite #China

Written with ChatGPT (GPT-4o).

Sources

Reuters Business@ReutersBiz
2 years ago
WATCH: 📉 The S&P 500 and Nasdaq tumbled as shares of chip makers plunged. The blue-chip index rose about six tenths of a percent. The S&P 500 dropped 1.4% and the tech-heavy Nasdaq plummeted almost 2.8% https://t.co/WcMT12yRAA https://t.co/ENOWzyOqYY
Reuters@Reuters
2 years ago
📉 The S&P 500 and the Nasdaq tumbled as plunging microchip shares exacerbated the ongoing rotation out of megacap tech-related stocks in the face of potential escalation of US trade conflicts with China https://t.co/M9U3SHBNiV https://t.co/yCF4VNLCiS
Reuters Business@ReutersBiz
2 years ago
WATCH: 📉 The S&P 500 and the Nasdaq tumbled as plunging microchip shares exacerbated the ongoing rotation out of megacap tech-related stocks in the face of potential escalation of US trade conflicts with China https://t.co/WcMT12yjL2 https://t.co/DOPFBco3nM

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Stocks Plummet on Wednesday as S&P 500 Drops 1.4% and Nasdaq Composite Falls 2.8%

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