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Tech-Stock Slide Drags Nasdaq Lower

1. S&P 500 fell 0.6% due to a tech selloff. 2. Real estate sector outperformed, signaling investor rotation. 3. Investors anticipate Jerome Powell's speech on interest rates. 4. Palantir and Nvidia among the worst performers, dropping significantly. 5. Housing starts rose, boosting real estate performance in S&P 500.

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FAQ

Why Bearish?

The tech selloff illustrates sector vulnerability; historical examples include 2000 dot-com crash.

How important is it?

Market reaction to tech selloff and Fed communications is crucial for S&P 500 direction.

Why Short Term?

Immediate reactions expected post-Powell's speech could shift market sentiment quickly.

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