🚨TECH TROUBLES ERASE $1.93 TRILLION FROM U.S. STOCK MARKET🚨
🇺🇲The U.S. stock market faced a significant downturn today, with over $1.93 trillion in value wiped out.
The primary cause of this sharp decline was disappointing earnings reports from major tech companies, including #Tesla and then #Alphabet , which reported lower profits than anticipated.
The #S&P500 experienced a notable drop of 2.3%, marking its worst single-day performance since 2022.
This substantial loss underscores the market's sensitivity to the performance of tech giants and raises concerns about the broader economic outlook.
Investors are now closely watching for further developments and potential ripple effects across other sectors and markets.
