The S&P 500 and Nasdaq ended at multi-week lows on Wednesday, with the S&P snapping one of its longest streaks without a daily decline of more than 2%, as lackluster Alphabet and Tesla earnings undermined investor confidence in megacap names.

✓ S&P 500 snaps 356-session run without a 2% decline

✓ Worst single-day performance for Nasdaq since October 2022

✓ Tesla posts largest daily fall since Sept. 2020 on earnings

✓ Indexes down: Dow 1.25%, S&P 2.31%, Nasdaq 3.64%