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Wall Street rally hits year-end snag as Dow drops by nearly 500 points [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Big Tech companies were at the forefront of the sell-off. File Photo by John Angelillo/UPI Dec. 27 (UPI) -- Wall Street limped to a downbeat end of the week on Friday as a sell-off in Big Tech stocks dragged the Dow Jones Industrial Index down by nearly 500 points at one point during the session. The Dow peaked at 43,248 early in the day's trading and then plunged 477 points to 42,761 shortly after 12 p.m. EST, losing more than 1% before paring back some of the session's setbacks. Likewise, the S&P 500 lost 1.7% and the tech-heavy Nasdaq Composite was down by a thumping 2.3% as the so-called "Magnificent Seven" Big Tech stocks, focused on artificial intelligence and comprised of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla, all suffered sell-offs amid thin trading volumes. Shares of Tesla shed more than 4% of their value, while AI darling Nvidia gave up close to 3% and online retailing giant Amazon fell by 2.5% as investors gave back some of gains racked up in re
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