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US indices slide as tech stocks extend losses
US markets slide as technology stocks face renewed selling pressure amid valuation concerns and rising bond yields.
US equity markets fell sharply as technology stocks extended losses during a volatile trading week. The Nasdaq led declines as the investors reassessed valuations tied to artificial intelligence growth expectations. Broader indices also weakened amid rising bond yields and macro uncertainty. Market participants cited profit taking and the cautious outlooks from select companies as contributors to sustained pressure on technology shares.