[Dow Jones, Nasdaq] US Stock Market Today: Dow Jones, Nasdaq, S&P 500 trade in red as tech stocks plunge; Nvidia, Apple drop around 3%

According to News24, major US stock indices including the Dow Jones, Nasdaq, and S&P 500 experienced a downturn as tech stocks faced significant selling pressure. Both Nvidia and Apple saw their share prices decline by approximately 3 percent during the trading session, contributing to the broader market retreat.

Market analysts suggest that the decline is driven by a combination of investor caution regarding the technology sector and ongoing concerns over global energy costs. Higher crude oil prices remain a focal point for traders, as prolonged disruptions in key energy-producing regions could exacerbate inflationary pressures and impact corporate bottom lines.

The volatility in the tech sector comes as investors weigh the sustainability of recent growth against macroeconomic headwinds. While the market remains sensitive to geopolitical tensions, the current trend reflects a broader reassessment of valuations in high-growth technology companies. Investors are expected to monitor upcoming economic data and central bank commentary for further signals on the direction of interest rates and energy market stability.