Posted 3/5/2024, 9:47:00 AM
Stocks Drop as Tech Shares Fall; Target Surges on Earnings Beat
- Dow Jones fell 404 points, S&P 500 fell 52 points, Nasdaq fell 268 points on Tuesday as tech shares dropped
- Apple shares fell 2.8%, weighing on indexes, after report of 24% iPhone sales drop in China
- Investors cautious ahead of Fed Chair Powell's remarks this week for clues on interest rates
- Target stock jumped over 12% on strong earnings results
- MicroStrategy shares sank 21% despite reaffirming its bitcoin-heavy treasury investment strategy