Wall Street stocks slide as sell-off in tech shares picks up pace

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American stocks fell sharply on Tuesday with shares in technology groups, including selling Tesla from Elon Musk, where investors continued to dispose of president Donald Trump’s economic and trade policies.

The Blue S& P 500 chip ended the session of 1.1 percent less, with nine sectors of the 11 index in negative lands and consumer departments, which tend to decrease during times of increasing fears of the economy, and published some of the most severe declines.

The heavy nasdaq in technology fell by 1.7 percent, erasing on Monday. Tesla decreased by 5.3 percent – as it stretched a recent decrease, which led to a half of the December summit – and NVIDIA 3.4 lost per.

These declines are the last mark on how investors remain deeply concerned about Trump’s tariff for the largest commercial partners in America, and their ability to slow down and increase inflation. Bank of America poll showed on Tuesday that investors have reduced “greater” to allocate shares in the United States in March.

A survey of the Federal Reserve in New York for business leaders, which was released on Tuesday, showed that the business environment in the region is “much worse than usual” with workers’ decrease in and increased input prices in the industry at the fastest pace in nearly two years.

A separate Federal Reserve report showed that American industrial production increased by 0.7 percent in February, much more than 0.2 percent expected by analysts. “Reading” must be concerned about that [US] Bradley Sonders at Capital Economics said that the economy is on the threshold of recession.

However, he warned that “clouds” of Trump’s aggressive tariff “did not apply to the right effect,” which means that there was “a negative side to come [US] Industry in the coming months. “

Technology shares have previously decreased more than most of them, as investors have turned away from the most sponsored holdings, as the so -called Apple, Amazon, Aporen, Metha, Microsoft, NVIDIA and Tesla index tracked 17 percent since S&P reached 500 records on February 19.

Traders were also preparing for the results of the latest federal reserve meeting on Wednesday. While investors are widely expecting the central bank to leave interest rates unchanged, any hints of the Federal Reserve Chairman Jay Powell on the health of the largest economy in the world will be closely monitored.

The dollar fell 0.1 percent against its rival basket. The currency had already all its gains since the US presidential election in November.