Technology stocks led a market downturn, with the Nasdaq Composite experiencing the most significant losses. Several prominent tech companies reported weaker-than-expected earnings, contributing to investor unease.

The Dow Jones Industrial Average showed resilience, while the S&P 500 posted marginal gains, indicating a mixed market sentiment. Investors remained cautious due to persistent concerns about inflation and potential interest rate hikes by the Federal Reserve.

Analysts suggest that the tech sector’s volatility could continue in the short term as investors reassess valuations in a rising interest rate environment.