Good evening.
Markets tumble, Elon Musk buys Twitter, and the Nasdaq has its worst day since 2020.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks tumbled on Tuesday as investors worried about slowing global growth and awaited earnings reports from tech giants.
The Nasdaq fell nearly 4%, its largest one-day percentage decline since September 2020.
It’s the busiest week of earnings season with Apple, Microsoft, Alphabet, Amazon, and Meta among the big companies to announce results.
The crypto market fell on Tuesday, with Bitcoin trading near $38k, moving sharply lower with other risk assets.
Catch Up
Elon Musk struck a deal on Monday to buy Twitter for roughly $44 billion.
Fidelity plans to add bitcoin as an option for 401(k) plans later this year.
Tesla lost nearly $130 billion in market value today (that’s equivalent to 3 Twitters).