S&P 500 and NASDAQ are down 1.01% and 1.40%, respectively, with the VIX surging 12.33% to 18.77, indicating increased market volatility.
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, and the US Dollar Index is marginally lower at 100.69, down 0.09%.
META, GOOGL, and TSLA are leading decliners, down 3.11%, 3.00%, and 2.01%, respectively, while MSFT, NVDA, and AMZN are also under pressure.
Communications and Consumer Discretionary sectors, which are down 1.21% and 0.79%, respectively, will be closely monitored for potential further declines.