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US stocks retreat as tech and banks weigh on indices
Wall Street retreated as technology and banking stocks declined, with investors weighing earnings updates and broader macroeconomic signals.
US equity markets moved lower as technology stocks led declines and banking shares slipped following earnings updates. Investors remained cautious while assessing corporate results alongside expectations for interest rate policy. Profit taking and valuation concerns contributed to the pullback after recent gains. Market sentiment also remained sensitive to macroeconomic data and policy signals, with participants closely watching inflation trends and guidance from central bank officials.