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U.S. stocks reverse sharply after early gains on tech volatility
U.S. stocks slide after an early tech-led rally reverses amid valuation and policy worries.
Major U.S. equity indices reversed a strong early rally and ended markedly lower as volatility surged. The S&P 500 dropped over 2%, the Nasdaq Composite declined around 2.2%, and the Dow Jones Industrial Average slipped about 0.8% after initial technology-led strength faded and concerns about valuations resurfaced.
The downturn coincided with headlines over weaker risk appetite, tech earnings pullback and skittishness over central-bank policy. Traders note the index reversal underscores how sentiment can shift quickly in this environment.