In a turbulent day for the U.S. stock market, nearly $953 billion in market value was erased as major sectors experienced sharp declines. Technology giants saw significant losses, with Microsoft (MSFT) plummeting by 6.05%, NVIDIA (NVDA) dropping 4.72%, and Meta (META) losing 4.09%. Apple (AAPL) and Google (GOOGL) also faced declines of 1.82% and 1.92%, respectively.
Financials weren’t spared either, as leading banks like JPMorgan Chase (JPM) and Bank of America (BAC) fell by 1.11% and 1.16%. The health technology sector faced similar pressures, with Lilly (LLY) down by 2.02% and Merck (MRK) dropping 2.39%.
The retail and automotive industries also took hits, with Amazon (AMZN) sliding 3.28% and Tesla (TSLA) down 2.99%. The widespread sell-off painted a red picture across various sectors, reflecting investor concerns and broader economic pressures.
