Wall Street Snaps Six-Day Rally as Tech Stocks Retreat
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U.S. equities stumbled after a sustained rally, with the S&P 500 dropping 0.39% to close at 5,940.46 and the Dow Jones Industrial Average falling 114.83 points. The Nasdaq Composite mirrored the decline, shedding 0.38% as tech stocks—previously market leaders—faced abrupt selling pressure.
Sector-wide losses hit 0.5%, dragging down giants like Nvidia, Apple, and Microsoft. The reversal interrupts a weeks-long surge that had lifted the S&P 500 over 20% since April’s lows, initially fueled by tariff announcements before stabilizing on signs of de-escalation.
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