US equity markets opened lower on Wednesday, extending a period of volatility as investors moved to secure profits following a historic run-up in Wall Street valuations.
The sell-off was particularly acute in the technology sector, where chip stocks faced renewed selling pressure after reaching record highs earlier in the year.
3% gain. Tuesday saw a sharper deterioration, with the Dow dropping 395.
The Nasdaq Composite and S&P 500 both retreated in early trading, continuing a pattern of instability that has characterized the market over the past two sessions.
This marks a shift from Monday’s mixed performance, where the Nasdaq fell 1.32% while the Dow Jones Industrial Average managed a modest 0.3% gain.
Tuesday saw a sharper deterioration, with the Dow dropping 395.32 points as selling intensified across tech-heavy indices.
The current pullback reflects a broader rotation out of high-multiple growth names.