The S&P 500 fell on Tuesday as investors digested Federal Reserve Chairman Jerome Powell’s remarks.
All three major stock indices were down more than 1% on Tuesday’s close.
Meta Platforms Inc. meta The company plans to cut “thousands of employees” as early as this week, Bloomberg reported, citing people familiar with the matter.
Major sectors of the S&P 500 ended negative, with financials and real estate stocks posting their biggest losses on Tuesday.
The Nasdaq 100 fell 1.22% to close at 12,152.17 on Tuesday. Tesla Inc. TSLA and Apple AAPL.
The S&P 500 fell 1.53% while the Dow Jones fell 1.72% to 32,856.46 in the previous session.
The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) rose 5.3% to 19.59 points on Tuesday.
What is the CBOE Volatility Index?
The CBOE Volatility Index, commonly known as the VIX, is a measure of expected equity market volatility based on call and put options on the S&P 500 Index.
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