Dow Jones| Nasdaq | US Stock Market Today | Live: Nasdaq tumbles over 550 pts amid tech-led rout; bank stocks in focus

The Nasdaq composite index plummeted over 550 points on Tuesday, led by a sell-off in tech stocks. Bank stocks were also in focus as investors reacted to the latest inflation data and geopolitical tensions.

The decline comes amid a broader market sell-off, with the S&P 500 and Dow Jones Industrial Average also posting significant losses.

Analysts attributed the sell-off to concerns about rising inflation and interest rates, as well as geopolitical uncertainties.

The tech sector, which has been a major driver of the market's gains in recent years, was particularly hard hit, with many high-flying growth stocks posting double-digit percentage losses.

The sell-off could have implications for seafarers, as it may impact shipping stocks and the broader economy, which could in turn affect demand for maritime services.