U.S. markets plummet on Tuesday after an indication of prolonged monetary stiffness by the Federal Reserve.
At market close, the S&P fell 2%, Dow Jones Industrials down 2.06%, and the Nasdaq down 2.50%.
Tech stocks which rallied to start of 2023, took a nosedive on Tuesday. Tesla slid 5.3%, with Cathie Wood's Ark ETF down 6.1%.
by Ryan Griffin