Three major U.S. stock indices closed collectively lower

The three major U.S. stock indices closed collectively lower, with the Dow down 1.3%, the Nasdaq down 1.96%, and the SP 500 down 1.39%, as large tech stocks tumbled, with Meta down more than 4%, Apple and Tesla down more than 3%, and Google and Amazon down more than 2%. Consumer electronics, software applications, and cryptocurrency concepts were among the top losers, with Ultra Micro Computer down nearly 8 per cent and CEX down more than 7 per cent.