U.S. Markets Close Lower

U.S. stock markets ended the day in the red, with the S&P 500 and Nasdaq both experiencing significant declines. Tech stocks were notably impacted, reflecting investor concerns over rising interest rates and inflation pressures.

Tech Sector Struggles

The technology sector faced a steep downturn, contributing to the overall market slide. Major tech companies reported weaker-than-expected earnings, leading to a decline in investor confidence and sparking sell-offs across the sector.

Market Summary

By the closing bell, the S&P 500 fell by 1.2%, while the Nasdaq dropped 1.8%. These losses underscore ongoing volatility in the markets as economic indicators continue to influence investor sentiment.