A 13.2% drop in Micron Technology and a 4.2% decline in Nvidia led a broader tech sell-off, weighing on the S&P 500.
The S&P 500 fell on Tuesday as a sharp decline in technology stocks overshadowed defensive sector resilience. Semiconductor stocks were hit hardest, with Micron Technology plunging 13.2% and Nvidia dropping 4.2%, dragging the broader market lower.
The sell-off followed a period of volatility in tech shares, which had previously driven market gains. Semiconductors, a high-beta segment, often lead broader market movements, amplifying losses during risk-off sessions.
No immediate market reaction details were provided, but the downturn reflects investor caution amid shifting sector dynamics.