S&P 500 and NASDAQ are down 1.21% and 2.15%, respectively, amid broad-based selling, with the VIX surging 11.98% to 18.70.
Healthcare and Industrials are outperforming, up 1.22% and 1.08%, respectively, while Consumer Discretionary is the biggest laggard, down 3.68%.
The 10Y Yield is up 0.99% to 4.70, and the US Dollar Index is slightly higher, up 0.05% to 101.42, as market participants weigh the impact of rising rates.
TSLA is leading the decliners, plummeting 10.90%, while GOOGL, AMZN, and META are also down significantly, with losses of 3.95%, 3.43%, and 2.19%, respectively.
MSFT and NVDA, down 1.73% and 1.55%, respectively, will be closely monitored, given their influence on the broader tech sector and potential to drive further market volatility.