The US stock market closed sharply lower, with the Dow Jones Industrial Average falling 2.48% and the Nasdaq falling 2.55%

Golden Finance reported that the US stock market closed sharply lower, with the Dow Jones Industrial Average falling 2.48%, the Nasdaq falling 2.55%, and the S&P 500 index falling 2.36%. Large tech stocks generally fell, with Nvidia and Oracle falling over 4%, Amazon and Meta falling over 3%, Microsoft and Google falling over 2%, and Apple falling nearly 2%. Tesla fell nearly 6% as the company postponed plans to manufacture an affordable version of the Model Y in the United States.