Nasdaq falls 1.5% ahead of Fed decision as Microsoft, Tesla slide; European markets close lower as investors monitor omicron, central bank moves 
U.S. stocks fell on Tuesday as Big Tech stocks moved lower and new inflation data continued to show a sharp rise in prices. 
The S&P 500 declined 1% while and Nasdaq Composite was off by 1.5%. The Dow Jones Industrial Average slid more than 100 points. 
Tesla shares were among the biggest droppers on the S&P 500, falling 2.3% after CEO Elon Musk announced that that he has sold another $906.5 million in shares. Microsoft was also a major drag on the market averages, falling more than 4%. 
Fellow automaker Ford also fell, down 2.7% following news that by 2030 Toyota would be investing $35 billion into battery-powered electronic vehicles, a space where Ford has sought to establish itself as a leader. 
On the other hand, bank stocks rose along with interest rates, with Goldman Sachs and JPMorgan Chase each adding more than 1%. 

The pan-European Stoxx 600 closed down by 0.7% provisionally, having given back earlier gains of around 0.6%. Tech stocks dropped 2.1% to lead losses as most sectors and major bourses dipped into the red. 
BT Group slid 4.3% after Altice U.K., the telecoms investment company controlled by French billionaire Patrick Drahi, increased its stake in the company from 12.1% to 18%. 
Source: CNBC, Investing.com