Stocks fell Tuesday as a steep decline in technology stocks deepened Wall Street’s losses after a brutal start to 2022.
The Dow Jones Industrial Average closed with a loss of 809 points Tuesday, falling 2.4 percent. The Nasdaq composite closed with a loss of 4 percent and the S&P 500 index fell 2.8 percent by the closing bell
Following a year of stellar gains, all three indexes have fallen since the start of the year as investors brace for the continued war in Ukraine, high inflation and the Federal Reserve’s attempts to cool off price growth to cut into corporate profits. Tech stocks that made up much of the market’s massive gains last year are among the leading forces behind the steady decline across Wall Street….