Major U.S. stock indexes, including the Nasdaq and S&P 500, are on track for weekly declines as a tech sector sell-off continues to impact markets. While much of Wall Street saw gains, significant volatility in technology stocks has weighed heavily on overall performance.
The deepening tech sell-off has been particularly pronounced in artificial intelligence and chip-related companies, contributing to a slide in global stocks. SpaceX was also noted as being in focus amidst the market movements.
Despite some easing in the tech sell-off later in the trading period, the Nasdaq and S&P 500 remain set for sharp weekly falls. This is a developing story and will be updated as details emerge.
