U.S. stocks were sharply lower on Tuesday as a tech sell-off that began during the prior session picked up steam overnight, with global markets in Asia routed as memory chip-related shares tumbled.
The Nasdaq Composite slid 2.4%. The S&P 500 was 1.6% lower, while the Dow Jones Industrial Average was down 363 points, or 0.7%.
SanDisk Corp., Micron Technology slides More Than 11%, while components maker Seagate Technology PLC also shed more than 9%.
Intel pulled back more than 7%, while Advanced Micro Devices and Qualcomm lost more than 7% and 6%, respectively.
SpaceX Down Over 2%, IBM Gains More Than 1%.
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