The S&P 500 (SNPINDEX:^GSPC) fell 0.53% to 6,926.60 as it again failed to hold the 7,000 mark. The Nasdaq Composite (NASDAQINDEX:^IXIC) slid 1.00% to 23,471.75 on tech weakness, and the Dow Jones Industrial Average (DJINDEX: ^DJI) edged down 0.09% to 49,149.63 in a risk-off session.
Mega-cap tech dragged the tape, with Nvidia (NASDAQ:NVDA) falling 1.44% to $183.14 and Microsoft (NASDAQ:MSFT) shedding 2.40% to $459.38. Wells Fargo (NYSE:WFC) sank on mixed earnings and regulatory worries. Exxon Mobil (NYSE:XOM) outperformed after CEO Darren Woods called Venezuela "uninvestable" last week.
Investors pulled out of tech and artificial intelligence (AI) stocks today, causing the Nasdaq's biggest decline in a month. High-growth stocks have been hit hard by overvaluation fears as well as wider geopolitical shifts.
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