NEW YORK—Drops for Tesla, Netflix and other big tech-oriented stocks put the clamps on Wall Street’s torrid rally Thursday.
The S&P 500 fell 30.85, or 0.7 percent, to 4,534.87, coming off its highest close since early April 2022 and its seventh gain in the last eight days. The Nasdaq composite dropped 294.71, or 2.1 percent, to 14,063.31 and its worst loss in more than four months.
