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Wall Street Falls as Tech Stocks Drop
US stocks declined, led by tech, after weak data and tariffs rekindled growth worries, while investors awaited new Fed guidance.
US markets retreated as major technology stocks including Amazon and Microsoft faced heavy selling. Fresh economic indicators signaled slowing growth and persistent inflation, heightening investor caution. Newly announced tariffs compounded pressure on high-valuation sectors. Defensive segments such as financials and industrials outperformed, suggesting a flight to safety. Analysts said renewed volatility in large-cap tech could influence broader sentiment for the week ahead as traders await upcoming Federal Reserve policy signals and consumer-confidence data releases to gauge near-term direction.