Wall Street experienced its worst day in a month as a sell-off of technology stocks intensified. Fears of overvaluation loom after a rally around hopes for artificial intelligence. The S&P 500 and Dow Jones closed down 1.7%, while the Nasdaq dropped 2.3%. Nvidia led the decline, falling 3.6% due to SoftBank selling its stake.

Investors await US economic data amid uncertainty from the government shutdown. Federal officials are set to release reports on jobs and inflation. Federal Reserve officials’ remarks challenge expectations of an interest rate cut next month. Kevin Hassett of Trump’s economic council expects job data for October, while the Bureau of Labor Statistics works to finalize release dates.

Read more at Yahoo Finance: US markets struggle amid tech sell-off and economic uncertainty