U.S. major indices weakened in the latest trading session, with the tech-heavy Nasdaq leading the decline, dropping 1.00% to 23472.131, signaling renewed pressure on growth-oriented stocks.
Broad Market Retreat
The Dow Jones Industrial Average fell 0.17% to 49108.738, while the S&P 500 dropped 0.57% to 6924.150. The synchronized pullback across all three benchmarks reflects cooling investor sentiment.
- Nasdaq underperforms as tech and high-growth sectors drag
- Concerns grow over prolonged elevated interest rates
- Upcoming inflation data and Fed signals in focus
Analysts note rising valuation pressures in tech, combined with Treasury yield volatility, are pushing investors toward caution. Market participants are closely watching economic indicators to assess the path of monetary policy.