U.S. Treasury Secretary: Tech Stock Decline Fuels Market Sell-Off

U.S. Treasury Secretary Janet Yellen clarified on Wednesday that the recent stock market downturn is primarily attributable to the slump in major technology companies, not President Trump’s administration’s trade policies. In an interview broadcast by Bloomberg Television, she emphasized, ‘My focus is on economic policy, not market analysis. The Nasdaq index reached a peak before DeepSeek Day, suggesting this decline is linked to the performance of tech giants like Apple, Microsoft, and Amazon, not President Trump’s trade strategy.’