Stocks wipe out 2018 gains as FAANG stocks slide into a bear market

REUTERS/Lucas Jackson

• Stocks erased gains for the year Tuesday, dragged lower by the biggest technology companies.
• FAANG stocks entered a bear market, marking the first in seven years for Google parent Alphabet.
• Follow the US indexes in real time here.

Wall Street erased yearly gains Tuesday as high-flying technology companies plummeted into a bear market, adding to fears about slowing growth and trade tensions.

The tech-heavy Nasdaq Composite dropped 1.7% to a seven-month low, while the S&P 500 shed 1.74%. The Dow Jones Industrial Average tumbled more than 2%, or about 550 points.

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