Wall Street today: US stocks slide as IT sell-off deepens, Nasdaq trims over 2%, Dow Jones falls 750 points

Global markets experienced a significant downturn Tuesday, with Wall Street indices plunging amid a deepening tech stock sell-off. Concerns over heavy AI spending and anticipated US interest rate hikes are fueling investor anxiety. Major tech giants and chipmakers saw substantial drops, mirroring weakness seen across Asian and European exchanges. Oil prices remained subdued following a US decision on Iranian oil sanctions.