Big Tech Sell-Off Sees US100 Relinquish 2.2%. The VIX Surges 8%
The sell-off across the US equity market extends, with US100 down more than 2.2% intraday. US megacaps such as Amazon, Meta Platforms are down more than 3% today, while Nvidia loses 4.5% and Tesla slips 5.5%. The volatility index (VIX) surges by 8% as investors hedge against the stock market decline.
Source: xStation5
Almost every US sector loses today, but the biggest declines are seen across the tech-heavy sectors such as semiconductors and software. Palantir loses almost 7%, while such tech-giants as Oracle and Broadcom are down more than 5%.
Source: xStation5
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