Stock Market Sell-Off Continues: Dow Plunges 800 Points Ahead Of Big Tech EarningsThe stock market tanked on Tuesday, adding to already
significant losses so far this month amid ongoing concerns about an economic slowdown, while investors dumped shares of
Big Tech stocks ahead of several big earnings reports.
The
Dow Jones Industrial Average fell 2.4%, over 800 points, while the
S&P 500 lost 2.8% and the tech-heavy
Nasdaq Composite 4%.
The market’s losses on Tuesday added to what has already been a big sell-off so far in April:
The Dow is down over 4%, the S&P 500 roughly 8% and the Nasdaq nearly 13%.Stocks plunged, with the Dow shedding over 1,000 points last Friday (its biggest single-day loss in several years), and despite the major benchmarks posting gains on Monday, widespread selling looks to have resumed.
Tech giants such as
Microsoft and Alphabet both fell more than 3% ahead of reporting first-quarter earnings after the market close.
