Tech sell-off drags S&P and Nasdaq ahead of SpaceX IPO
TL;DR
U.S. stocks fell on Tuesday as tech shares weighed on the S&P 500 and Nasdaq, with Nvidia, Apple and Microsoft among the decliners, while the Dow edged higher. Investors guarded ahead of May inflation data and SpaceX’s anticipated IPO (the largest ever, around $75 billion), and stronger jobs data kept the odds of a December rate hike near 43%.
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