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Tech Slump Sends US, Global Markets Tumbling, SpaceX Falls 20%

7/26/2026

49 4 Full Breakdown

Summary

Story summary

US stock markets fell on Tuesday, with the S&P 500 down 1.4% and the Nasdaq down 2.2% as tech shares pulled global indexes lower.
The sell-off that began Monday in the United States spread worldwide, shifting investor focus from the war in Iran, oil prices and interest rates.
SpaceX’s stock fell about 20% this week, erasing $600 billion in value, while South Korea’s KOSPI dropped 10.5% and triggered a 20-minute trading halt.

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Story summary

US stock markets fell on Tuesday, with the S&P 500 down 1.4% and the Nasdaq down 2.2% as tech shares pulled global indexes lower.
The sell-off that began Monday in the United States spread worldwide, shifting investor focus from the war in Iran, oil prices and interest rates.
SpaceX’s stock fell about 20% this week, erasing $600 billion in value, while South Korea’s KOSPI dropped 10.5% and triggered a 20-minute trading halt.