Stock market today: Nasdaq leads market slide as Bitcoin touches new record

News Snapshot:

US stocks dropped on Tuesday, pulling further away from record highs as uncertainty over interest rate cuts and a shakeup in "Magnificent 7" stocks brought a note of wariness to the market. Contracts on the tech-heavy Nasdaq Composite (^IXIC) led the declines, sinking about 1.8% as a retreat in Apple (AAPL) and Tesla (TSLA) continued to drag on stocks more widely. Apple came under pressure after a report that iPhone sales fell 24% in China, adding to Monday's loss in the wake of a $2 billion EU antitrust fine. Tesla continued to slump as a shutdown at its Berlin Gigafactory...