US equity markets extended their recent weakness on Wednesday, with the S&P 500 and Nasdaq Composite posting declines for the third consecutive trading day.
The broad-based sell-off is driven primarily by underperformance in the technology and energy sectors, which have been focal points of investor rotation and risk-off sentiment in recent weeks.
35%, delivering its strongest single-day performance in weeks as investors sought refuge in more defensive, value-oriented names.
The S&P 500 slipped 0.1%, while the tech-heavy Nasdaq Composite fell 0.4%.
Both indices are now on track to record their first weekly losses of June, marking a shift from the earlier monthly momentum.
In contrast, the Dow Jones Industrial Average rose 0.35%, delivering its strongest single-day performance in weeks as investors sought refuge in more defensive, value-oriented names.
This divergence highlights a continued rotation away from growth and cyclical stocks.