Nvidia and Micron drop over 2% and 8% respectively, while Amazon and Walmart gain on strong consumer demand forecasts.
Technology stocks led declines in U.S. markets, with semiconductor giants Nvidia and Micron falling 2.73% and 8.86% amid supply chain concerns and earnings uncertainties. The broader tech sector weighed on sentiment as investors reassessed growth prospects.
Consumer sectors outperformed, with Amazon rising 1.55% on robust sales forecasts and Walmart climbing 1.82% in defensive consumer staples. The divergence reflects investor rotation toward stable, demand-driven stocks amid economic uncertainty.
Communication services showed mixed results, with Google edging down 0.37% on regulatory and advertising revenue concerns. The overall market mood remains cautiously optimistic despite sector-specific volatility.