Stock Market Retreats as S&P 500, Dow, Nasdaq Slip on Heavy Tech Selling
We’re seeing a sharp pullback in the stock market today. The S&P 500, Dow Jones, and Nasdaq are all slipping. The main cause? Big tech stocks are under pressure. This is not just a small wobble, investors are rethinking how much they want to own high-growth technology names. A few days ago, fears around AI valuations helped spark this drop. Investors are getting nervous that some tech firms may be priced too richly. At the same time, bond yields are rising, making growth stocks less attractive. Meanwhile, uncertainty from a long U.S. government shutdown is also shaking confidence.
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