S&P 500 and NASDAQ are down 1.01% and 1.40%, respectively, amid broad-based selling pressure, with the VIX surging 12.33% to 18.77.
Energy and Industrials are outperforming, up 1.09% and 0.22%, respectively, as investors seek refuge in more defensive sectors.
The 10Y Yield is down 0.61% to 4.54, potentially signaling a flight to safety, while the US Dollar Index is relatively flat at 100.75.
META, GOOGL, and TSLA are leading the decline, down 3.11%, 3.00%, and 2.01%, respectively, while MSFT and NVDA are also under pressure.
AMZN, MSFT, and NVDA will be closely monitored, given their significant declines and potential impact on the broader market sentiment.