5/4, 5:10 PM (Source: TeleTrader)
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Dow loses 300 points, Nasdaq down over 2%

United States major stock markets continued to trade in the red zone on Tuesday as tech shares dropped and Nasdaq fell by over 300 points, which accounts for a 2.23% loss. Dow Jones Industrial Average also dropped by 300 points or a little under 1%.

Investors are reacting to some financial results released earlier in the day and anticipating a busy week of more blue-chip earnings reports later in the week. Pfizer and CVS have already posted their performance results, whereas Lyft and T-Mobile are scheduled for later today.

The Dow lost 0.95% led by Apple dropping by 3.80%, while S&P 500 fell by 1.45% with Enphase Energy plunging by 8.61%. The Nasdaq 100 declined by 2.57% as Okta plummeted by 7.22%. The euro decreased by 0.41% against the dollar selling for $1.20144 at 11:25 am ET.

Breaking the News / LH