Stock market today: Nasdaq leads stock slide, bitcoin tumbles after new record

News Snapshot:

US stocks closed in a sea of red on Tuesday, pulling further away from record highs as uncertainty over interest rate cuts and a shakeup in "Magnificent Seven" stocks brought a note of wariness to the market. Contracts on the tech-heavy Nasdaq Composite (^IXIC) led the day's declines, sinking about 1.7% as a retreat in Apple (AAPL) and Tesla (TSLA) continued to drag on stocks more widely. Both the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) closed down more than 1%. Apple came under pressure after a report that iPhone sales fell 24% in China, adding to Monday's...