*By Kristen Lee*
U.S. stocks accelerated losses at the end of the day Wednesday, with the Dow dropping 600 points and the Nasdaq on pace for its biggest monthly drop in a decade.
The Dow Jones Industrial Average closed the day down 608 points, the S&P lost more than 3 percent, and the tech-heavy Nasdaq lost nearly 4.5 percent.
The sell-off was driven in part by a Commerce Department report that home sales plunged 5.5 percent in September, which rattled investors who expected only a slight decline.
Tech stocks especially weighed on markets. Netflix ($NFLX) and chipmaker Nvidia ($NVDA) were both down nearly 10 percent, Facebook ($FB), down nearly 6 percent, and Google parent Alphabet ($GOOGL), down more than 5 percent.
Holiday shopping heats up as big-box earnings reveal how Walmart, Target & Home Depot are navigating consumer pressure, strategy shifts and trends shaping 2025.
The Campbell’s Co. said Tuesday it has placed one of its executives on leave while it investigates claims that he made racist comments and mocked the company’s products and customers in an audio recording.
Elon Musk’s X unveiled a feature that lets users see where an account is based. Online sleuths and experts quickly found that many popular accounts, often posting in support of the U.S. MAGA movement with thousands or hundreds of thousands of followers, are based outside the U.S. This raises concerns about foreign influence in U.S. politics.
The Enhanced Games is going public in two ways — with a new listing on the Nadsaq stock exchange and also by offering a direct-to-consumer business focused on performance products.
Real estate software company RealPage has agreed to stop sharing nonpublic information between landlords as part of a settlement with the Department of Justice.
