US equity markets closed lower on Wednesday, extending a three-day losing streak that has seen technology-heavy indices lead the decline.
The Nasdaq Composite fell 2.21% to close at 25,587.04, while the broader S&P 500 dropped 1.44% to 7,365.46.
37%. Selling pressure in large-cap technology stocks has overwhelmed broader market resilience, with investors rotating out of high-growth names amid concerns over valuation and near-term earnings visibility.
The Dow Jones Industrial Average also posted losses, reflecting broad-based selling pressure across major benchmarks.
The selloff follows a sharp decline on Tuesday and a more modest drop on Monday, when the Nasdaq fell 1.32% and the S&P 500 slipped 0.37%.
Selling pressure in large-cap technology stocks has overwhelmed broader market resilience, with investors rotating out of high-growth names amid concerns over valuation and near-term earnings visibility.
The consecutive declines mark a notable shift in market sentiment, as the tech sector’s recent outperformance has given way to profit-taking and risk-off positioning.