S&P 500 (US500) Slips 0.7% as Tech and Consumer Discretionary Plunge
S&P 500 declined 0.7% with technology and consumer discretionary sectors leading losses at -0.92% and -2.02% respectively, while utilities and healthcare provided modest support.
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S&P 500 declined 0.7% with technology and consumer discretionary sectors leading losses at -0.92% and -2.02% respectively, while utilities and healthcare provided modest support.
Nvidia’s shares initially surged on strong earnings and CEO optimism but reversed due to macro concerns over rate hikes, dragging tech stocks down. Meanwhile, Terex gained on positive analyst sentime…