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The Nasdaq tumbled due to Heavy losses hit mega cap tech stocks now making bearish flag

NASDAQ was down on Tuesday morning after testing the high level of 18377 in the last trading session as the Nasdaq tumbled 2.55%. Heavy losses hit megacap tech stocks, including Nvidia (-4.5%), Tesla (-5.8%), and Amazon (-3.1%). The decline followed criticism of Fed Chair Jerome Powell by President Donald Trump, who called him “Mr. Too Late, a major loser,” and demanded immediate rate cuts.