Wall Street closes sharply lower as tech rout deepens, Tesla and Nvidia lead the selloff
Executive summary: Wall Street ended the session under heavy pressure, with the Nasdaq Composite down -4.9% and the S&P 500 off -2.4% as a broad unwind hit technology, AI chips and growth-sensitive names. Tesla plunged -20.2%, Nvidia fell -10.4%, and the SOXX chip ETF sank -16.3%, while Apple rose +3.8% and defensive pockets such as gold, platinum, banks and defence stocks held up better. The move came alongside weaker crude, natural gas and a softer risk tone in bitcoin, underscoring a rotation away from the market’s most crowded growth trades. [Continue Reading]
360LiveNews Markets Intelligence | 29 Jul 2026 21:15 LONDON
Sponsored
