>> A short-lived rebound on Wall Street as the stock market gets slammed once again. Stocks careened lower Tuesday, with technology stocks leading the way. I'm in New York. A late day sell off caused the NASDAQ to lose more than 200 points. That's a loss of roughly 3%. A cocktail of negative news combined to knock the wind out of investors.
Hardest hit? Twitter, the stock plunged nearly 12% after Citron Research said of all the social media data companies out there, Twitter is the quote, most vulnerable to privacy regulation. Oddly enough, the analyst's negative view was sent out on Twitter. Twitter fired back with a tweet of it's own disputing that view.
Investors clearly still shaken by Facebook's data scandal which dragged Facebook shares down another 5%, moving further into a bear market. And that's wasn't tech's only problem. Chip maker Nvidia said it was slamming the brakes on its autonomous driving program worldwide. It already has driverless cars on the road in several US states.
And Nvidia partner Tesla suffered a breakdown too, for reasons of its own. The National Traffic Safety Board is taking a look at a fatal crash that took place last week involving a Tesla Model X. Authorities said it's not clear yet whether the car was using the autonomous driving feature at the time of the accident, which killed the driver.
Shares of Tesla suffering their biggest one-day slump in almost a year. Taken together, these events all represent one thing. A risk to future earnings for a sector that's been beloved by investors.