US equity markets opened lower on Tuesday, with broad-based selling in the technology sector leading the decline.
The Nasdaq Composite and Dow Jones Industrial Average both slipped at the open, continuing a downturn that has characterized the start of the week.
4% to 52,073 points on Thursday, but that resilience has given way to renewed selling pressure.
Investors are adopting a cautious stance, reducing risk exposure as they evaluate growth prospects and the behavior of the tech-heavy segment of the market.
The pullback follows a volatile period for US equities.
Earlier in the week, markets opened with mixed signals as investors digested new price data that intensified concerns about persistent inflationary pressures.
The Dow Jones Industrial Average had gained 0.4% to 52,073 points on Thursday, but that resilience has given way to renewed selling pressure.