Dow Jones tumbles 504 points as Wall Street witnesses tech rout

NEW YORK, New York - U.S. stocks closed sharply lower Wednesday in one of the worst trading days of the year. Disappointing earnings reports from tech giants saw the sector plummet. Tesla led the way with a 12.3 percent fall. Alphabet lost 5.03 percent, while Nvidia closed with a 6.8 percent loss

Ross Mayfield, investment strategist at Baird said Wednesday's selloff was caused by a perfect storm of an overbought