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Wall Street trades lower as Nvidia share sale triggers tech sector pullback
US stocks declined modestly after Nvidia share sale triggered tech pullback; S&P 500 fell 0.3 % while investors shifted toward defensive sectors like utilities and healthcare.
US equities opened softer on November 11 as major tech stocks faced selling pressure following reports of an Nvidia insider stake sale. The S&P 500 slipped 0.3 %, Nasdaq Composite 0.5 %, and Dow Jones 0.2 %. Investors rotated into defensive sectors such as utilities and healthcare, while semiconductor and AI-linked names lagged. Treasury yields eased to 4.41 % amid renewed demand for safe-haven assets. Despite profit-taking in technology, market breadth stayed balanced with most sectors still posting year-to-date gains.