Wall Street closes mixed as tech rout deepens, Dow and banks hold up
Executive summary: U.S. markets finished sharply mixed, with the Nasdaq and S&P 500 under pressure as mega-cap tech and chip shares sold off, while the Dow Jones and financials outperformed. Meta, Nvidia and the broader AI chip complex led the decline, offset in part by gains in banks, energy, defense and Bitcoin. The move points to a rotation away from crowded growth trades and into more defensive or cyclical pockets of the market. [Continue Reading]
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