Risk-off sentiment prevails, with the S&P 500 down 1.21% and the VIX surging 12.37% to 18.44.
Consumer Discretionary and Communications sectors are under significant pressure, down 2.54% and 3.09%, respectively, while Tech and Financials show relative resilience.
The 10Y Yield jumps 0.79% to 4.46, and the US Dollar Index edges up 0.07% to 100.30, as market participants reassess interest rate expectations.
META leads the decline, plummeting 5.04%, followed by MSFT, AMZN, and GOOGL, with losses ranging from 2.20% to 3.62%.
NVDA and TSLA, down 1.40% and 1.60%, respectively, will be closely monitored for potential oversold bounce or further downside momentum.