US Major Indexes Drop Sharply with Tech Stocks Leading the Decline

US Markets Tumble with Tech Sector Leading the Decline

The three major US indexes closed sharply lower, signaling a cooling in market sentiment. The Dow Jones Industrial Average fell 1.34%, the Nasdaq Composite dropped 2.03%, and the S&P 500 declined by 1.57%.

Tech giants were among the hardest hit, with Apple shares plunging 5%, Broadcom falling over 3%, and Amazon, Meta, and Tesla all dropping more than 2%.

Precious Metals and Crypto-Related Stocks Plunge

The precious metals sector also suffered, with US Gold Corp and Pan American Silver both tumbling over 8%. Crypto-linked companies faced heavy selling pressure, as Robinhood fell over 8%, Coinbase declined over 7%, and Circle lost more than 2% in value.

• Dow Jones: -1.34%
• Nasdaq: -2.03%
• S&P 500: -1.57%