Wall Street fell further from its record Tuesday as worries worsened among US consumers about inflation and tariffs.
- The S&P 500 fell 28 points, or 0.5%, to 5,955.25 for its fourth straight drop after setting an all-time high last week.
- The Dow Jones Industrial Average rose 159.95 points, or 0.4%, to 43,621.16
- The Nasdaq composite fell 260.54 points, or 1.4%, to 19,026.39
A slight majority of US stocks nevertheless rose, including Home Depot, which rose 2.8% after delivering a stronger profit for the latest quarter than analysts expected
The stock market has been generally struggling since the middle of last week after several weaker-than-expected reports on the economy thudded onto Wall Street. On Tuesday, the latest update said confidence among US consumers is falling by more than economists expected, the AP reports. In particular, the pessimism hit high-momentum areas of the market that had seen waves of euphoric investors pile in during recent years. Nvidia fell 2.8% while Tesla tumbled 8.4%. They were the two heaviest weights on the S&P 500.
Bitcoin likewise sank, falling back below $88,000, which dragged down stocks of companies in the crypto industry. MicroStrategy, the company that's raised money with the express purpose of buying bitcoin and now goes by the name Strategy, fell 11.4%. Zoom Communications dropped 8.5% even though it reported stronger results for the latest quarter than expected. Analysts at UBS pointed to the company's forecast for revenue growth in the upcoming year, which fell a bit short of their own estimate. What's perhaps the most anticipated profit report is still to come on Wednesday, when Nvidia will deliver its first report since Chinese upstart DeepSeek upended the artificial-intelligence industry.
(More
stock market stories.)
,
uBlock 
,
and
Ghostery 
)
