Stock market volatility has intensified recently, with the Nasdaq Composite falling by as much as 2.07%. The S&P 500 dropped 1.24%, while the Dow Jones also declined by 0.42%.
Weak Performance in Tech Sector
Among tech stocks, several major players saw significant declines, with NVIDIA leading the downward trend. The company’s shares fell 5.21% to $185.370, reflecting growing concerns over the valuations of high-growth technology firms.
- Nasdaq drop: 2.07%
- S&P 500 drop: 1.24%
- Dow Jones drop: 0.42%
Analysts suggest the recent pullback in tech stocks may be linked to shifting expectations around interest rate policy and underwhelming earnings reports from some companies. Investors are advised to remain cautious and monitor macroeconomic indicators and corporate performance.