Sharp drops in Big Tech companies pull stocks lower on Wall Street

Big tech stocks dragged Wall Street lower Tuesday as concerns about rising interest rates, possibly by year-end, led to significant sell-offs that started in Asia and moved to the U.S. This downturn reflects broader worries about economic conditions and their impact on corporate earnings, particularly in the high-growth tech sector. Investors are increasingly jittery about the implications for corporate profits and the overall market stability, highlighting the interconnectedness of global financial markets.