Renewed weakness in technology shares drove major U.S. indexes lower as selling pressure intensified during Tuesday’s session.
U.S. equities closed sharply lower on Tuesday, with the S&P 500 declining 1.4% and the Nasdaq Composite falling 2.2% as technology stocks led the retreat. Selling pressure accelerated throughout the session, extending losses across major indexes.
The drop follows a period of volatility in tech shares, which had previously driven market gains. The S&P 500 and Nasdaq had posted mixed results in recent sessions, with tech valuations under scrutiny amid shifting investor sentiment.
No immediate market reaction details were provided, but the decline reflects broader concerns over sector performance and macroeconomic conditions.