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NASDAQ tumbles sharply from its all time high amid IT sector weakness

NASDAQ was down on Tuesday morning after testing the high level of 21406 in the last trading session as Salesforce experienced a sharp decline of more than 5% following disappointing quarterly results and weak guidance. On Wednesday, during regular trading, the S&P 500 and Nasdaq Composite each posted modest gains of 0.01% and 0.26%, respectively, breaking a four-day losing streak.