US stocks were under pressure Tuesday, with the Nasdaq losing about 3% as selling ramped for technology shares especially.
As of the close, the S&P 500 was off 2%, bringing it down to 3,821.74. The Dow fell by 490 points, or 1.6%, and the Nasdaq dropped 2.98% to 11,181.54. The small cap Russell 2000 was also down more than 1.5%.
Stocks had taken a leg lower in morning trade after a new report showed US consumer confidence deteriorated to a 16-month low in June amid ongoing inflation concerns,…
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