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U.S. Markets Dip on Tech Weakness; Investors Digest Powell Tone
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Wall Street slides on weak tech and cautious Fed commentary.
U.S. equity markets fell as investors retrenched after a stretch of strong performance, with tech stocks leading the decline. The pullback follows cautious remarks from Fed Chair Powell, who offered a tempered outlook on rate moves. Safe-haven sectors showed relative strength while volatility spiked. Traders are closely watching upcoming economic data and central bank signals for direction.