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Nasdaq slips as tech stocks face valuation pressure
US stocks closed lower as technology shares dragged the Nasdaq down, reflecting valuation concerns and cautious sentiment ahead of key inflation signals.
US equity markets ended lower as the Nasdaq declined amid renewed pressure on technology stocks. Investors remained cautious over stretched valuations and uncertainty around future interest rate cuts. The S&P 500 also edged down, while defensive sectors outperformed. AMarket sentiment remains sensitive to inflation data and Federal Reserve commentary, with short-term movements driven by macro signals rather than earnings momentum.