Money and business

The Wall Street Stock Exchange fell after the deterioration of the shares of technology companies

American stocks returned to decline in trading today, Tuesday, after two days of rise, against the backdrop of the decrease in the prices of major technology companies, while the market is awaiting the decision of the American Federal Reserve (Central Bank) regarding interest rates tomorrow.
The broader S&P 500 index fell 1% in transactions, after its rise yesterday. The record index fell by 245 points, or 0.6%, by one o’clock and 52 minutes, the east coast time of the United States appeared.

American stocks

The Nasdaq Synod index also decreased by 1.5%. The shares of the Electric Automobile Company Tesla, one of the largest shares listed on the stock exchange, decreased by a decrease of 4.6%.
The share of the electric car industry company suffers from fears of its sales decline due to anger from its CEO, Elon Musk, who leads the US government’s efforts to reduce spending and lay off tens of thousands of federal government employees.

Wall Street Stock Exchange indicators - Agencies

Electric car companies

Meanwhile, competing electric car companies continue to reduce their business. The Chinese company BiDe announced yesterday a high -speed charging system, which says it is almost comparable to the speed of the car’s gasoline.
The shares of Alphabet Company, the owner of the Technology Company, Google, fell by 2.5% after announcing its intention to acquire the information security company Wiz for 32 billion dollars, to be the largest acquisition in the history of Al -Faba.

Technology companies shares

The shares of major technology companies continue to decrease during the recent sales operations in the market, and after the shares of these companies at the beginning of this year appeared endlessly, they started to decline recently after the growing belief that their prices are exaggerated.
And the share of the Antevia chips industry decreased by 2%, while Super Micro computers fell to manufacture server devices by 3.9%, and the share of the technologies that allow the artificial intelligence platforms to customers by 2.8%.

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