U.S. CLOSE: Stocks fall en masse, MicroStrategy down 21 percent
U.S. stocks closed Tuesday with all three major stock indexes down more than 1%, with the Dow initially closing down 400 points or 1%, the SP 500 down 1% and the Nasdaq down 1.65%. Apple (AAPL.O), which has seen recent iPhone sales falter, closed down 2.8%, while Nvidia (NVDA.O) gained 0.8%, narrowing the gap between the two to $500 billion in market capitalization. Tesla (TSLA.O), whose Berlin factory was shut down, fell 3.9%, Coinbase (COIN.O) dropped 5% and MicroStrategy (MSTR.O) fell 21%. The Nasdaq China Gold Dragon Index closed down 1.49% and Azure Xiaoli bucked the trend to close higher, with Azure Motors (NIO.N) up 2.8%.
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