Tuesday was a rough session across the board, with technology stocks bearing the heaviest burden of the day's losses. The Nasdaq Composite fell 1.69% to close at 26,045.61, its steepest single-day drop in recent weeks, as mega-cap growth names came under sustained selling pressure. Meta Platforms was the standout loser among large caps, shedding 4.45% to end at $543.67 and dragging the broader tech complex with it.
The S&P 500 wasn't spared, dropping 0.68% to settle at 7,682.17, while the Dow Jones Industrial Average held up comparatively better, declining just 0.24% to 52,955.27. The relative resilience of the Dow reflects a rotation dynamic that favored traditional blue-chip and financial names over growth-oriented tech.
Small caps also took a hit, with the Russell 2000 falling 1.26% to 2,990.29, suggesting risk appetite was broadly muted rather than confined to one pocket of the market. Gold continued to shine as a safe-haven destination, with prices holding at $4,352.17, reinforcing the cautious tone investors struck throughout the session.
Visa was a rare bright spot, gaining 1.51% to $364.25 as money rotated into payment processors and financials — names with steadier earnings profiles that looked attractive relative to the day's tech carnage.