Wall Street closes sharply lower as tech and precious metals lead a broad risk-off move
Executive summary: US equities ended the session under heavy pressure, with the Nasdaq Composite down 4.1% and the S&P 500 off 2.5% as investors rotated away from high-multiple technology and AI-linked names. Tesla, Microsoft, Nvidia and Meta all fell sharply, while gold, silver, platinum and palladium also sold off, pointing to a broad de-risking across growth and defensive havens. The Dow was nearly flat and small caps outperformed, but the day was defined by weakness in megacap tech, chips and commodities. [Continue Reading]
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