negative
Recently
US Markets Drop Sharply as AI Stocks Lead Broad Tech Sell-Off
US stocks dropped sharply as AI-linked tech names slumped and shifting Fed expectations triggered broad selling across major indices, pressuring investor sentiment.
US equities declined sharply as major AI-linked stocks faced intense selling pressure following reduced expectations for near-term monetary easing by the Federal Reserve. Nvidia, Palantir, and Broadcom recorded steep intraday losses as investors reassessed valuations tied to growth-sensitive sectors. The S&P 500 fell around 1.5 percent while the Nasdaq slid nearly 1.9 percent, reflecting widespread weakness in technology shares. Disney dropped close to eight percent amid cautious sentiment. Market strategists highlighted elevated treasury yields and shifting rate outlooks as primary drivers of the risk-off move.