Wall Street suffers as Tesla and Google stocks falter

Nasdaq Composite and S&P 500 drop significantly

clock • 3 min read
Wall Street suffers as Tesla and Google stocks falter
Image:

Wall Street suffers as Tesla and Google stocks falter

A sudden and sharp downturn gripped Wall Street on Wednesday as a dramatic sell-off in technology stocks sent indices plummeting to their lowest levels since late 2022.

The tech-heavy Nasdaq Composite suffered 3.6% decline, its worst day in over a year, while the broader S&P 500 tumbled 2.3%. At the centre of the downturn were reports from two of the market's m...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Nvidia denies antitrust subpoena from Justice Department

Compliance

Officials are concerned about firm's AI chip dominance

clock 05 September 2024 • 2 min read
Nvidia stocks plummet 9.5% in one day

Finance

Wipeout of $279 billion a record single-day drop for a US company

clock 04 September 2024 • 1 min read
Tech stocks plunged in August amid concerns over AI costs

Finance

Nvidia's market value decreased by 7.7% to $2.92 trillion

clock 03 September 2024 • 3 min read
Most read
02

Veeam patches critical flaws, urges users to update

06 September 2024 • 2 min read
03
04

Asian Tech Roundup: India threatens Wikipedia

06 September 2024 • 4 min read
05

UK signs AI agreement with EU and USA

05 September 2024 • 2 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Finance and Reporting

Nvidia stock fall spooks AI investors

Nvidia stock fall spooks AI investors

Value fell despite record earnings

Tom Allen
clock 29 August 2024 • 2 min read
Meta revenues grow strongly in Q2

Meta revenues grow strongly in Q2

But it's not because of AI

Tom Allen
clock 01 August 2024 • 2 min read
Wall Street suffers as Tesla and Google stocks falter

Wall Street suffers as Tesla and Google stocks falter

Nasdaq Composite and S&P 500 drop significantly

clock 25 July 2024 • 3 min read