Analysts flag alarming correlation amid tech sell-off
Market Intelligence Analysis
AI-PoweredThe tech sector is experiencing a sell-off on Wall Street, with the Nasdaq Composite and S&P 500 benchmark declining, indicating a potential market downturn.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
The tech sell-off continued on Wall Street as the tech-heavy Nasdaq Composite and the S&P 500 benchmark sank on Feb. 4. While the former was down 1.8%, the latter was down 0.6% at press time. Nearly all the Magnificent Seven stocks were trading in the red zone at the time of writing. ...
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