Investors studied the outlook for the Federal Reserve’s rate hiking campaign and the continued crisis in parts of the banking system.
“Unfortunately, this Presidents Day sale doesn’t feel like it’s over,” CNBC’s Jim Cramer said.
Apple first hit a $2 trillion valuation in August 2020, as the pandemic boosted its sales of computers to work or study from home.
Shares of Carvana plummeted for a second-consecutive trading day as investors unloaded shares of the embattled used-vehicle seller.
Amazon shares dropped for a fifth straight day on Tuesday, as investors continued to punish the company for a disappointing fourth-quarter forecast.