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What Analysts Are Saying About the Stock Selloff

  • Tech megacaps post worst loss in six weeks, lead market lower
  • Nvidia sinks 7.8%, the most in the S&P 500; Tesla down 8.2%
Bloomberg business news
Wells Fargo's Hartman on Why This Market Is Easy to Call

One day everything’s fine, the next it’s all awful. Welcome to the 2018 stock market.

Tuesday’s chapter, Falling Fangs, saw losses in the biggest technology companies send the Nasdaq 100 Index down 3.3 percent, the biggest retreat in more than six months. Bad news from Tesla Inc. and Nvidia Corp. helped stir the pot. Concern continues to crop up over whether the S&P 500 Index’s biggest industry can earn enough to support valuations that are a third higher than those of the broader market.