U.S. equities posted notable declines: the S&P 500 down 0.9 %, Dow down 1.2 %, and the Nasdaq falling 0.8 %. AI-heavy names, led by Nvidia, were under pressure as investors assessed whether the recent valuation surge is justified. Added to investor worries: upcoming economic data including jobs figures, manufacturing indices, and the first readings since the prolonged U.S. government shutdown. With yields slipping and risk sentiment cooling, tech stocks bore the brunt.
Tech-Led Global Sell-Off: Stocks Slide Ahead of Nvidia Corporation Earnings and Jobs Data