$BTC U.S. markets retreat: sharp decline in the Nasdaq index, and declines in the S&P 500 and Dow Jones indices followed.
U.S. stocks fell sharply as technology stocks faced significant pressure, leading to a drop in the Nasdaq Composite by more than 2% in a broad market selloff that included declines in key indices.
Nasdaq retreat: The Nasdaq Composite, which mainly includes technology companies, fell about 2.0% to 2.2%, marking one of its largest declines in a single session in months, as shares of software, cloud computing, and data analytics suffered heavy losses.
Stock declines across various sectors: Major technology companies, including Nvidia, Microsoft, Intuit, and Salesforce, saw notable declines, reflecting increasing caution among investors regarding AI valuations and profit prospects in this sector.
General indices also declined: The S&P 500 index fell by more than 1.3%, and the Dow Jones Industrial Average dropped by about 0.9% as overall market sentiment shifted towards risk avoidance. Energy sectors defied the prevailing trend, achieving gains amid rising oil prices, but this was not enough to offset the decline led by the technology sectors.
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