US stock market close: The Nasdaq plunges 3.5%, the Dow records its longest losing streak in 50 years

The U.S. stock market closed on Wednesday, with the Dow Jones preliminarily closing down 2.59%, setting the longest single-day decline record since 1974; The S&P 500 index fell by 2.95%, and the Nasdaq fell by 3.56%. Tesla (TSLA.O) dropped by 8%, Broadcom (AVGO.O) dropped by 6.9%, and Nvidia (NVDA.O) dropped by 1%.