New York — U.S. stock markets slid sharply today as a rout in technology stocks weighed heavily on investor sentiment. The Nasdaq Composite index dropped more than 1 percent, driven by steep losses in major tech names such as Intel Corporation and Twitter, Inc.. Istituto Cattaneo+1
Intel shares fell after the company issued lower guidance, raising concerns over demand softness and rising competition in its core markets. Twitter, meanwhile, slumped amid disappointing user-growth metrics and worries about monetization in a rapidly evolving social-media environment.
The broader tech sector came under pressure, with investors pulling back from growth-oriented stocks in the face of rising interest rates, regulatory uncertainty, and global economic concerns. The drop in the Nasdaq reflected a shift away from high-valuation names toward more defensive sectors.
Market analysts say the pull-back underscores the vulnerability of once-high-flying tech stocks. Many had already priced in optimistic earnings growth and expanding margins, leaving them exposed when adversities emerged. Some observers flagged positioning in the sector as overly concentrated.
While the sell-off accelerated, not all stocks were affected equally. Some companies with more stable cash flows or non-tech exposures held up better, suggesting market participants were rotating into perceived safe-haven assets. Nonetheless the mood remains cautious.
Going forward, key focus areas for investors will include upcoming earnings from major tech firms, central-bank commentary on rates, and signs of demand in the semiconductor and social-media industries. The outcome could determine whether this sell-off becomes a shallow correction or seeds a more prolonged down-turn.
