Wednesday's stock market trading in New York was pitch black and resulted in the year's largest stock market fall.
The broad S&P 500 index fell 2.3 percent, the technology-heavy Nasdaq composite index dropped 3.6 percent, while the Dow Jones industrial index fell 1.3 percent.
For the S&P 500, it was the largest stock market fall since December 2022, reports Bloomberg.
On Tuesday, after the stock market closed, electric car manufacturer Tesla presented its interim report. The market was not impressed, and the stock plummeted 12.3 percent on Wednesday.
Google's parent company Alphabet also presented its quarterly figures on Tuesday. The stock fell 5 percent.
Overall, the technology sector had a very tough day on the New York stock exchange.
For example, semiconductor giant Nvidia fell 6.8 percent, Apple dropped 2.9 percent, while Microsoft sank 3.6 percent.
A few bright spots during the day were telecom company AT&T and toy giant Mattel. Their quarterly reports were well received, and their stocks rose 5.2 and 9.8 percent, respectively.
