Stocks, crypto fall after CEOs raise fears of a market pullback
The global stock rally hit a wall Tuesday, dragged lower by artificial intelligence and tech companies.
The S&P 500 fell 1.2% and the Nasdaq declined 2%. The Russell 2000, which tracks smaller companies, tumbled 1.4%.
Gold, a traditional safe haven for investors when markets are volatile or uncertain, dipped about 1.6%.
Within the S&P 500, technology was the worst-performing sector.
The largest publicly traded company in the world, Nvidia, dropped nearly 4%. With a market value of more than $4.85 trillion, Nvidia lost $200 billion from its market value.
Crypto also faced steep losses, with bitcoin plunging below $100,000 for the first time since June. The digital currency was down more than 7% as investors fled riskier assets like digital…
