Sto♉cks fell sharply Tuesday, led by declines in technology shares, as the U.S. equities market hit the pause button on a nascent recovery from a month-long selloff.
The Dow Jones Industrial Average and 澳洲幸运5官方开奖结果体彩网:S&P 500 closed 0.6% and 1.1% lower, respectively, while the tech-heavy 澳洲幸运5官方开奖结果体彩网:Nasdaq Composite shed 1.7%. The major indexes came into Tꦡuesday's session on a two-da𝐆y winning streak, rebounding from a rout that 澳洲幸运5官方开奖结果体彩网:sent the S&P ♓5๊00 into correction last week for the first time since 2023.
Coming into this week, the S&ඣP 500 and Nasdaq Composite had lost ground for four consecutive weeks, as investor sentiment has been bruised by uncertainty surrounding the potential impact of tariffs and concer♈ns that the U.S. economy could be headed toward a recession.
The big event on the economic calendar this week is the two-day meeting of the Federal Reserve's policy-setting committee, 澳洲幸运5官方开奖结果体彩网:which started today. While 澳洲幸运5官方开奖结果体彩网:no ch🧔ange in interest rates⛎ is expected, market participants will closely scrutiniz💦e Fed Chair Jerome Powell's post-meeti🐽ng remarks on Wednesday as well as the quarterly economic projections from committee members that are set to be released.
On the corporate front, chipmaker Nvidia (NVDA) is hosting its 澳洲幸运5官方开奖结果体彩网:GTC Conference this week, considered to be the marquee AI event of the year. Nvidia CEO Jensen Huang this afternoon showcased new chips and partnerships during a 澳洲幸运5官方开奖结果体彩网:keynote address at the event, a presentation that investors had hoped would serve aꦫs a catalyst for the stock. Nvidia shares closed 3.4% lower, ไleading Dow decliners, as the stock extended early losses after Huang delivered his remarks.
Other mega-cap technology stocks fell across the board today. Shares of Tesla (TSLA) dropped more than 5%, adding to a slump that has erased more than half of the EV maker's market value over the past three months. Alphabet (GOOG) fell about 2% after announcing 澳洲幸运5官方开奖结果体彩网:a $32 billion deal to acquire cloud security provider Wiz, its biggest acquisition ever. Meta Platforms (META) slid nearly 4%, while Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Broadcom (AVGO) also lost ground.
Among other noteworthy tech movers, server maker and Nvidia partner Super Micro Computer (SMCI) fell nearly 10%, posting the biggest decline in the S&P 500, while marketing platform AppLovin (APP) tumbled 9% to lead Nasdaq decliners. Data analytics software provider Palantir (PLTR), another AI investor favorite that has been 💎hit hard during the recent slump, was down 4%.
Shares of Intel (INTC) bucked the downturn, rising about 1%, as the embattled chipmaker's 澳洲幸运5官方开奖结果体彩网:newly appointed CEO Lip-Bu Tan 𓃲started in the role today. 𝐆The stock had gained 25% since news of Tan's appointment was released last Wednesday.
Strategy (MSTR), formerly known as MicroStrategy and the world's largest corporate holder of bitcoin, was down about 4% as the price of the digital currency fell. Shares of crypto exchange Coinbase Global (COIN) and bitcoin miner MARA Holdings (MARA) declined 4% and 7%, respectively. Bitcoin was trading at $8ꦅ1,900 recently, down from an overnight high of $84,500.
Gold futures were up 1.2% at $3,040 an ounce, near a record high, while West Texas Intermediate futures, the U.S. crude oil benchmark, fel💃l 1.3% to $66.70 per barrel.
The yield on the 10-year Treasury note, which has fallen in recent weeks as investor concerns about the economy have grown, was at 4.29%, down from 4.31% at Monday's close.
These Were the Big S&P 500 Movers on Tuesday
Decliners
- The spotlight fell on the artificial intelligence industry as semiconductor giant Nvidia (NVDA) unveiled its latest generation of AI chips at a 澳洲幸运5官方开奖结果体彩网:major conference. Suggesting that Nvidia's event might provide a reality check on AI, Wedbush analysts said macroeconomic uncertainty could create near-term headwinds but would not derail massive long-term investments in the technology. Nvidia shares ended 3.4% lower, while shares of AI server maker and Nvidia partner Super Micro Computer (SMCI) tumbled 9.6%, losing the most of any S&P 500 stock.
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Josh Edelson / AFP / Getty Images
- Shares of Norwegian Cruise Line Holdings (NCLH) fell 4.8% on Tuesday, reversing gains posted in the prior session after JPMorgan analysts upgraded the stock. In a meeting with the analyst team, cruise operator executives reportedly stressed that they see stable demand, but rising geopolitical tensions and economic uncertainty remain potential headwinds for travel demand. Shares of rival Royal Caribbean Cruises (RCL) suffered even steeper losses, slipping 7.3%.
- Tesla (TSLA) shares dropped 5.3%, continuing their recent slide as RBC Capital 澳洲幸运5官方开奖结果体彩网:slashed its price target on the electric vehicle (EV) maker's stock. Analysts pointed to concerns about Tesla's self-driving technology as well as its rollout of robotaxis in China and Europe. Moreover, Chinese competitor BYD unveiled an 澳洲幸运5官方开奖结果体彩网:ultra-fast EV charger, with plans to launch vehicles equipped with the technology in April.
Advancers
- Shares of credit card issuer Discover Financial Services (DFS) added 3.8%, logging the top daily performance in the S&P 500. With the gains on Tuesday, the stock clawed back losses suffered the prior day following reports that Department of Justice officials may have antitrust concerns about Discover's merger with Capital One Financial (COF). Analysts at Citi suggested that, even if regulators object to potential concentration in the subprime market, the two companies could still negotiate a satisfactory deal. Capitol One shares also recovered, gaining 2.1%.
- Mosaic Co. (MOS) held its 2025 analyst day on Tuesday, and shares of the agricultural chemical provider jumped 2.5%. The manufacturer of phosphate and potash highlighted several macroeconomic trends that should yield sustained demand for crop nutrients, including population growth, prioritization of food security, and the limited supply of arable land.
- Humana (HUM) shares advanced 2.0% after the health insurance giant launched a partnership with Icon Health to provide seniors with improved access to musculoskeletal care. In an initiative set to launch in Palm Beach County, Florida, Humana's CenterWell and Conviva divisions, which are geared toward older patients, will integrate musculoskeletal specialists in their primary care centers.
Tesla Stock Price Levels to Watch as Selloff Accelerates
Tesla (TSLA) shares fell sharp⛄ly again Tuesday, putting the EV maker's stock on pace to lose ground for the ninth consecutive week.
The shares have faced intensifying selling pressure in recent weeks amid mounting investor concerns that CEO Elon Musk’s extensive involvement in the Trump administration 澳洲幸运5官方开奖结果体彩网:could dent the Tesla brand and sales. A 澳洲幸运5官方开奖结果体彩网:fresh set of headlines may have weighed on the stock today, with Chinese EV maker BYD unveiling an ultra-fast charger and some Wall Street analysts offe𒀰ring up skeptical takes on Tesla stock.
Tesla shares, which rallied sharply after November’s election on expecta𓆏tions that the company would benefit from Musk’s close ties with President Trump, have given back all those gains. The stock has fallen 53% from the all-time high it set on Dec. 1🦂7.
Since December, Tesla shares have trended lower within a descending 澳洲幸运5官方开奖结果体彩网:broadening formation, with the price tagging the patten’s upper and lower trendlines on several occasions since that time. More recently, the stock staged a minor bounce from the formation's lower trendline but has since failed to gain upside traction.
Investors should watch major support levels on Tesla's chart around $190 and $140, while also eyeing key resistance levels near $265 and $360.
The stock shed 5.3% to finish Tuesday's session at $225.31.
Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.
Nvidia Showcases Latest AI Chips, Unveils GM Partnership
Nvidia (NVDA) offered the latest view of what's to come for the chipmakiꦓng giant today, with CEO Jensen Huang showcasing Blackwell Ultra and subsequent generations of AI chips at a company conference.
Nvidia's 澳洲幸运5官方开奖结果体彩网:Blackwell Ultra GB300 family of 澳洲幸运5官方开奖结果体彩网:semiconductors&🤡nbsp;will have one-and-a-half times the memory and deliver significantly higher performance than the current Blackwell line, Huang said at the company's GPU Technology Conference. Nvidia expects Blackwell Ultra to launch in the second half of 2025.
Today's news sets the stage for Nvidia's next-generation CPU-GPU platform, known as Vera Rubin, scheduled for the second half of 2026, and Rubin Ultra GPUs a year later, Huang said. Blackw🎶ell has 68 times the computing power of its Hopper line, he said, while Rubin represents a 900-fold increase. (Vera Rubin is the astronomer who discovered dark matter; a later line, Huang said, will be named for physicist Richard Feynman.)
The weeklong GPU Technology Conference represents “the Super Bowl🧜 of AI,” Huang꧅ told the crowd, which Nvidia expected to total 25,000, at San Jose’s McEnery Convention Center.
Huang on Tuesday pointed to surging demand for Nvidia GPUs. The company shipped 3.6 million Blackwell GPUs to America’s four largest cloud service providers—Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), and Meta (META)—in its 2025 fiscal year, which ended in late January.♔ That's up from 1.3 million Hopper GPUs the year before.
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Josh Edelson / AFP / Getty Images
Nvidia also revealed a partnership with General Motors (GM) to train AI manu𝄹facturing models. The goal is to build the automaker's "future self-driving car fleet," Huang said. "The time for autonomous vehicles has arrived."
Nvidia shares were 3% lower i🅷n late trading Tuesday, leaving the stock down some 14% this year.
Ahead of the conference, Bank of America analysts suggested its recent decline could offer investors an opportunity to buy the dip, reiterating a $200 price target that's above the $177 consensus of analysts tracked by Visible Alpha.
What Dip Buyers Bought During Last Week's Selloff
Dip buyers 🦩came out in full f﷽orce last week, according to client fund flow data from Bank of America.
BofA clients, including institutional investors and corporate clients, were net buyers of U.S. equities for a seventh consecutive week last week. They bought up individual stocks and ETFs as the benchmark 澳洲幸运5官方开奖结果体彩网:S&P 500 澳洲幸运5官方开奖结果体彩网:slid into a correction for the first time since 2023.
Private clients were buyers for a 14th straight week, their longest start-of-year buying streak in data going back to 2008. 澳洲幸运5官方开奖结果体彩网:Institutional clients returned to buying after two weeks as net sellers. 澳洲幸运5官方开奖结果体彩网:Hedge funds, meanwhile, stuck to selling for a fifth strai꧃ght week.
Last week's selloff came amid mounting recession fears. Investors and economists are antsy that tariffs could slow economic growth and 澳洲幸运5官方开奖结果体彩网:raise prices, increasing the risk of the U.S. economy entering a period of "澳洲幸运5官方开奖结果体彩网:stagflation." Consumers have also grown fearful of tariffs—澳洲幸运5官方开奖结果体彩网:inflation expectations have soared in recent months, causing consumer confidence to drop to its 澳洲幸运5官方开奖结果体彩网:lowest level since 2022.
However, much of last week's equity buying ran counter to the narrative driving the market. BofA clients bought more stocks in the consumer discretionary and other 澳洲幸运5官方开奖结果体彩网:cyclical sectors than in defensive sectors. Consumer staples, a classic 澳洲幸运5官方开奖结果体彩网:defensive sector, was one of just two sectors that investors sold last week. On the flip side, cyclicals led the buying. Energy recorded its bigg💦est week of inflows since March 2023, and tech saw its biggest inflows since July 2023.
Small-cap ETFs, however, saw their largest outflows since July 2022, suggesting some caution among investors. 澳洲幸运5官方开奖结果体彩网:Small caps t🎉end to be more sensitive than large caps to slowdowns in𓂃 consumer and business spending.
FOMC Meeting Underway—What You Need to Know
The March 澳洲幸运5官方开奖结果体彩网:Federal Open Market🥀 Committee (FOMC) meeting started Tuesday against a background o💙f uncertainty.
The Federal Reserve's policy-setting group is discussing progress on its fight against inflation and whether to make any 澳洲幸运5官方开奖结果体彩网:monetary policy changes. The group is scheduled to release a statement with their decisions at the close of their ওmeeting on Wednesday at 2 p.m. Eaꦺstern Time.
Federal Reserve Chair 澳洲幸运5官方开奖结果体彩网:Jerome Powell&n🐈bsp;will then provide more details and answer questions at a press conference at 2:30🌠 p.m.
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Yuki Iwamura / Bloomberg / Getty Images
The Fed is expected to keep its influential 澳洲幸运5官方开奖结果体彩网:federal funds rate at its curre๊nt range of 4.25% to 4.5% for the second meet🐬ing in a row.
Fed officials have repeatedly said they are taking a 澳洲幸运5官方开奖结果体彩网:"wait-and-see" approach as some of President Donald Trump's proposed economic policies have 澳洲幸运5官方开奖结果体彩网:stoked uncertainty, 澳洲幸运5官方开奖结果体彩网:undermined confidence among business leaders and consumers, 澳洲幸运5官方开奖结果体彩网:sent stocks tumbling, and 澳洲幸运5官方开奖结果体彩网:raised fears of a possible economic downturn.
The March meeting is scheduled to include a Summary of Economic Proꦑjections, which is released four times a year during eve🌜ry other FOMC meeting.
The economic projections will include the closely watched "dot plot," which gives a snapshot of where the 19 committee members 澳洲幸运5官方开奖结果体彩网:project the future fed funds rate. Economists typically find th🅰e median of the projection to give an idea of the federal fund rate’s path, though this time, i♓t may be murkier than in the past.
"We expect the median rate projections (“dots”) to remain unchanged for 2025-27. With market sentiment on edge and little intrigue around the May meeting, the Fed can afford to be patient about pushing back on cut pricing," analysts at Nomura wrote.
Economists also don't expect many answers from Powell during his press conference. They expect him to reiterate the committee's reluctance to make any decisions until 澳洲幸运5官方开奖结果体彩网:on-again, off-again tariff policy becomes more definitive.
Nvidia CEO Jensen Huang's GTC Keynote Getting Underway
Nvidia CEO Jensen Huang is delivering remarks at GTC 2025, heralded as the “AI Woodstock.” Huang is expected to bring investors updates on Nvidia’s latest artificial intelligence products, upcoming releases, and the latest developments in gaming and robo꧋tics.
The event comes with Nvidia shares down more than 10% so far this year. The stock has come under pressure from concerns about 澳洲幸运5官方开奖结果体彩网:overspending on AI infrastructure, 澳洲幸运5官方开奖结果体彩网:economic uncertainty related to President Trump’s unpredictable tariff policies, and worries that restrictions on chip exports could be tightened to hamstring 澳洲幸运5官方开奖结果体彩网:AI’s development in China.
Nvidia shares were down about 1% shortl🧜y befo𒐪re Huang’s appearance on Tuesday.
Follow our 澳洲幸运5官方开奖结果体彩网:live blog coverage here.
Alphabet Strikes $32B Deal to Buy Cybersecurity Firm Wiz
Google parent Alphabet (GOOGL) has struck a deaꦛl to buy cybersecurity startup 🅠Wiz for $32 billion in an all-cash transaction, the tech giant’s largest acquisition ever.
Wiz will join Google’s cloud business, Alphabet said, if the de🔴al is approved.
“This acquisition represents an ♎investment by Google Cloud to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple cloud𝄹s (multicloud),” Alphabet said in its statement.
The Wall Street Journal had reported that Alphabet would be trying again to buy Wiz for $30 billion Monday. Alphabet showed interest in acquiring the company last year at a lower price, according to reports. Dealogic said that a $32 billion takeover of Wiz would mark the largest ever transaction by Alphabet, well over the previous number one: its $13 billion takeover of 澳洲幸运5官方开奖结果体彩网:Motorola Mobility more than a decade ago.
In a note based on reports of a pending deal Monday, Oppenheimer analysts said that having Wiz will allow Google to be “the leading vendor in the cloud security space and a top 10 vendor in security.” They added that with the addition of Wiz, Google moves from ”partner to direct competitor” for Palo Alto Networks Inc. (PANW), CrowdStrike Holdings Inc. (CRWD) and Fortinet (FTNT), “which 𝓰will need to rethink their partnership and pricing strategy.”
Alphabet shares are down around 3% in recen൲t trading amid a broader tech sector selloff. ⛎Palo Alto Networks, CrowdStrike and Fortinet were also losing ground.
Tesla Stock Continues to Tumble
Shares of Tesla (TSLA) fell sharply Tu🌃esday, extending their 2025 retreat.
A fresh set of headlines may have given investors fresh reasons to sell, with Chinese electric vehicle maker BYD unveiling an ultra-fast charger it claims can deliver a full charge in as little as five minutes and some Wall Street analysts offering up skeptical takes on the stock. The shares were recently down more than 4% to roughly $227, leaving their year-to-date decline at more than 40%.
RBC Capital cut its price target for Tesla to $320 from $440 on Tuesday, citing a worsening outlook for its self-driving technology and robotaxi rollout in China and Europe, according to reporting from MarketWatch. Tesla’s Full Self-Driving system has yet to receive Chinese approval. This comes as BYD is reportedly 澳洲幸运5官方开奖结果体彩网:planning to integrate Chinese AI startup 澳洲幸运5官方开奖结果体彩网:DeepSeek’s technology into its own smart driving system꧋. The analyst consensus target for Tesla is about $359, according to Visible Alpha.
Oppenheimer, meanwhile, said it projects Tesla could deliver 30,000 澳洲幸运5官方开奖结果体彩网:fewer vehicles than previously e🅠xpected and reduced its fiscal 2025 revenue projection by about 2% to $97.9 billion.
BYD said its new Super e-Platform provided a range of nearly 250 miles in about the same time it takes a gas-powered car to refuel, according to reporting from Bloomberg. The company plans to roll out vehicles with the technology ไstarting next month, the report said. BYD did not immediately respond to a request for comment. Shares of BYD soared to a record high in Hong Kong.
Tesla reportedly plans to roll out a 澳洲幸运5官方开奖结果体彩网:cheaper version of its Model Y SUV in China next year.
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Brendan Smialowski / AFP / Getty Images
Tesla shares have taken a hit in recent weeks. CEO Elon Musk has helmed the Trump administration’s 澳洲幸运5官方开奖结果体彩网:🐎Department of Government Efficiency. The stock has lost about half its value since Trump took office in January and is on p🔯ace to🅺 fall for a ninth week in a row.
Sarepta Sinks After Company Says Patient Taking Its Drug Dies
Sarepta Therapeutics (SRPT) reported that a patient with Duchenne muscularಌ dystrophy taking its El🐼evidys treatment died of acute liver failure (ALF). The company's stock plunged on the news
The pharmaceutical firm noted that "acute liver injury is a known possible side effect of Elevidys" and other similar gene therapies, although this was the first time a death had been reported of anyone taking the drug.
Sarepta said that the patient had recently suffered from a cytomegalovirus (CMV) infection, "which was identified by the treating physician as a possible contributing factor."
The company said it continues to gather and analyze information from the incident, and it has been reported to health authorities. Sarepta also plans to update its prescribing information "to appropriately represent this event."
Investopedia has reached out to the company to see if🧜 it may be considering taking any other actions in light of this incident.
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Sarepta shares were down 21% recently and have now lost 35% ꧃of their value since the start of the year.
D-Wave Quantum Tumbles, Gives Back Big Monday Gains
Shares of D-Wave Quantum (QBTS) sank Tuesday morning, giving back the stock's Monday gains and halting a rally that started when the company said it had made a 澳洲幸运5官方开奖结果体彩网:breakthrough last week.
The company last week said its 澳洲幸运5官方开奖结果体彩网:quantum computer had oౠutperformed a powerful supercomputer in solving complex simulation problems, as its CEO called the moment a "remarkable day for quantum computing."
That rally had 澳洲幸运5官方开奖结果体彩网:extended through Monday, with the stock gaining another 10% to $11.18, its highest close since August 2022. That momentum has 澳洲幸运5官方开奖结果体彩网:reversed Tuesday, with shares down mo🐲re than 9% in early trading.
The announcement last week came after months of optimism for the 澳洲幸运5官方开奖结果体彩网:quantum computing industry as tech giants 澳洲幸运5官方开奖结果体彩网:Microsoft (MSFT), Amazon (AMZN), and Alphabet's (GOOGL) 澳洲幸运5官方开奖结果体彩网:Google have each showc🦂ased their own quantum computing chips since December.
Tuesday's pullback was also affecting other quantum computing stocks, with Rigetti (RGTI) and IonQ (IONQ) each down Tuesday morning.
Nvidia CEO Huang to Speak at GTC Event Today
Nvidia (NVDA) CEO Jensen Huang is set to give a 澳洲幸运5官方开奖结果体彩网:keynote address at the 澳洲幸运5官方开奖结果体彩网:artificial intelligence chipmaker’s GPU Technology Conference today, w🅺ith investors keeping an eye out for updates on the company's latest chips and developments in gaming and robotics.
Huang is scheduled to speak at 1 p.m. ET. at the AI chipmaker's weeklong conference—which kicked off Monday in San Jose, California.
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Artur Widak / NurPhoto / Getty Images
Nvidia is, according to Deutsche Bank analysts, also expected to showcase its 澳洲幸运5官方开奖结果体彩网:Blackwell Ultra GB300 family of chips, which could deliver over 50% more memory capacity and significantly higher performance than🔜 the earlier chips. Nvidia could also pꦺrovide more details on its next generation of chips called Rubin, which is expected to succeed Blackwell semiconductors in 2026, along with its associated Vera CPU, and the Rubin Vera platform.
Nvidia shares were down nearly 3% in early trading. The stock has gained about 3ꦜ1% in the ꧅past 12 months but has lost 13% of its value so far in 2025.
Major Indexes Still Down Sharply in March Despite Recent Rally
Two straight days of gains for major indexes have narrowed losses 💜for major stock indexes though they remain on pace to post steep declines for the month.
Through Monday's close, the Dow was down 4.6% so far in March, the S&P 500 had shed 4.7% and the tech-heavy Nasdaq had given up 5.5%.
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For 20ꦏ25, the Dow has trimmed its loss to 1.7%, while th🀅e S&P 500 and Nasdaq are down 3.5% and 7.8%, respectively.