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Nasdaq Falls 4% As Tesla, AMD Take A Big Slide

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Nasdaq Falls 4% As Tesla, AMD Take A Big Slide

U.S. indices fell sharply Tuesday as stocks continue to drop amid concerns over the potential economic impacts of Fed rate hikes and the Russia-Ukraine conflict. Traders and investors are also weighing recent earnings reports.

  • The Nasdaq composite finished lower by 3.95% to 12,490; The Invesco QQQ Trust Series 1 (NASDAQ: QQQ) lost 3.77% to $317.14
  • The S&P 500 traded lower by 2.81% to 4,175; The SPDR S&P 500 ETF Trust (NASDAQ: SPY) lost 2.89% to $416.12
  • The Dow Jones composite finished lower by 2.40% to 11,866; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: DIA) finished lower by 2.38% at $332.45

Here are the day's winners and losers from the Nasdaq-100, according to data from Benzinga Pro.

O'Reilly Automotive Inc (NASDAQ: ORLY) led the QQQ on Tuesday.

Tesla Inc (NASDAQ: TSLA), Advanced Micro Devices, Inc. (NASDAQ: AMD) and ASML Holding NV (NASDAQ: ASML) were among the top losers for the Nasdaq-100.

Elsewhere On The Street

The North American International Auto Show is returning for the first time since January 2019, and this time it’s being held when the weather in Detroit is good for something more than ice fishing… Read More

U.S. economic growth is strong, and the economy and labor market are finally back to firing on all cylinders following the COVID-19 pandemic. However, rising interest rates and persistently high inflation are threatening the economic recovery… Read More

When Elon Musk first notified the U.S. Securities and Exchange Commission about his desire to take over Twitter (NYSE: TWTR) and turn it into a privately-held company, he stated… Read More

 

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