Tech Selloff Sends Dow, S&P 500, Nasdaq Lower
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- Dow, S&P 500, and Nasdaq all fell as chip stocks sold off and rising bond yields rattled markets across Yahoo Finance, CNBC, and Reuters coverage
- S&P 500 logged its third straight losing day, though CNBC reported stock futures were little changed in pre-market trading, hinting at a pause in selling
Why it matters: The third consecutive down day for the S&P 500 — coupled with rising bond yields pressuring chip and tech valuations — marks a notable shift from the recent rally highs. The CNBC pre-market note that futures were little changed is the one counter-signal in an otherwise uniformly bearish cross-outlet framing, suggesting traders were waiting for a bond yield catalyst before committing to further selling.
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