Dow Plunges as Tech Stocks Take Hit; S&P 500 End of Six-Day Rally

Wall Street’s recent momentum has stalled. A pullback in tech stocks, coupled with rising bond yields, put pressure on equities on Tuesday. The Dow Jones Industrial Average shed 114.83 points, or 0.27%, while the S&P 500 fell by 0.39% after a six-day winning streak ended. Tech giants like Nvidia, AMD, Meta, Apple, and Microsoft led losses in the Nasdaq Composite, falling roughly 0.9%. The tech sector’s decline was notable as it dragged down the S&P 500.