Wall Street Declines as Tech Stocks Fall, Breaking S&P 500 Streak

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Wall Street Declines as Tech Stocks Fall, Breaking S&P 500 Streak
Photo: Richard Drew/AP/TT

The US stock exchange ended on a minus on Tuesday and several technology companies were traded downwards.

At the same time, the broad S&P 500's six-day upturn was broken.

The Dow Jones industrial index fell 0.3 percent, the S&P 500 index lost 0.4 percent, and the technology-heavy Nasdaq composite index retreated 0.4 percent.

Among the decliners were, among others, Nvidia, down 0.9 percent, Apple, minus 0.9 percent, and Meta, the parent company of Facebook and Instagram, lost 0.5 percent.

On the other hand, Elon Musk's Tesla went up 0.5 percent on Tuesday after he announced that he would be the CEO of the company in five years. Musk has been moonlighting since January for President Donald Trump as the head of a newly created unit in the White House for public spending cuts.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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