Technology stocks spearheaded a market selloff on Tuesday, with major indices feeling the impact. The Nasdaq Composite, heavily weighted with tech companies, suffered the most significant losses as investors grew wary of high valuations and potential shifts in the regulatory landscape.

Key Factors Contributing to the Selloff

• Valuation Concerns: Some analysts believe that tech stocks have become overvalued, leading to profit-taking.
• Regulatory Uncertainty: Potential changes in regulations are creating uncertainty for tech companies.
• Sector Rotation: Investors may be shifting investments from tech to other sectors.

Impact on Major Tech Companies

Several prominent tech companies experienced notable declines in their stock prices. This downturn reflects a broader reassessment of risk within the technology sector.

Market analysts are closely monitoring the situation to determine whether this is a short-term correction or the beginning of a more prolonged downturn.