US stock market today: US stock market crashes: S&P 500, Nasdaq, Dow Jones, Russell 2000 suffer biggest daily losses in a month; Nvidia, Apple, Tesla share prices fall

US Stock market indexes on Wednesday closed with their biggest daily losses in a month. Small cap stocks also fell sharply, with the Russell 2000 index posting its biggest daily loss since April 10.

According to preliminary data, the S&P 500 lost 96.25 points, or 1.62 per cent, to end at 5,843.09 points, while the Nasdaq Composite lost 269.49 points, or 1.41 per cent, to 18,873.22. The Dow Jones Industrial Average fell 824.08 points, or 1.92 per cent, to 41,856.74.

Google parent Alphabet’S share price rose, while Nvidia, Apple and Tesla stocks fell.

UnitedHealth Group dropped after a Guardian report said the healthcare conglomerate secretly paid nursing homes thousands of dollars in bonuses to help reduce hospital transfers for ailing residents. HSBC downgraded the stock to “reduce” from “hold”.

Target fell after slashing its annual forecast due to a pullback in discretionary spending.

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Wolfspeed plunged following a report that the semiconductor supplier was preparing to file for bankruptcy within weeks.

FAQs

Q1. What are three major indexes of Wall Street?
A1. Three major indexes of Wall Street are S&P 500, Nasdaq Composite, and Dow Jones Industrial Average.

Q2. How have Nvidia , Apple and Tesla shares performed?
A2. Nvidia, Apple and Tesla stocks fell.

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