Wall Street fell under the weight of pressure from the bond market Tuesday. The S&P 500 fell 44.72 points, or 0.7%, to 6,415.54. The Dow Jones Industrial Average fell.
Wall Street fell under the weight of pressure from the bond market Tuesday.
Nvidia, whose chips are powering much of the world’s move into artificial-intelligence technology, fell 2% and was the single strongest force pulling the S&P 500 downward. Amazon sank 1.6%, and Alphabet dropped 0.7%. Constellation Brands tumbled 6.6% after the beer, wine, and spirits company warned that it’s seen a slowdown in purchases of its high-end beers, particularly among its Hispanic customers. That pushed it to slash its forecast for profit this fiscal year.
