Nasdaq tumbles 3% in worst day of the year amid tech-earnings rout
A trader at the New York Stock Exchange puts his hand on his face in September 2008.
Richard Drew/AP
- US stocks tumbled on Wednesday, with the Nasdaq suffering its worst decline of 2024.
- Tesla missed earnings estimates for the second quarter, while Alphabet's YouTube ad revenue was less than expected.
- More mega-cap tech firms are on deck to report results next week.
The technology sector led US stocks lower Wednesday, with the Nasdaq plunging 3% as it headed for its worst trading day of the year.
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