U.S. markets are on track for a third consecutive day of losses, with tech stocks leading the decline amid concerns that AI-driven enthusiasm may have pushed valuations too high.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
In early trading, the Dow Jones Industrial Average fell 203 points, or 0.44%, to 45,917.
The Nasdaq Composite was the hardest hit, dropping 1.2%, as investors pulled back from high-growth technology names.
Oracle was among the biggest fallers, sliding 5%, as excitement around its partnership with OpenAI cooled, prompting a wave of profit-taking.
The pullback reflects a broader market reassessment of the sustainability of recent gains, particularly in the technology sector, which has been at the forefront of this year’s rally.
