US markets struggle amid tech sell-off and economic uncertainty

The recent struggles on Wall Street, marked by its worst day in a month, are part of a larger trend affecting global markets. The sell-off of technology stocks has intensified amid fears of overvaluation, echoing similar concerns in other markets, particularly in China, where investment has also seen an unprecedented slump. As tech stocks falter, the implications for economic stability grow, highlighting the interconnectedness of global financial systems. The extraordinary rally driven by AI hopes now seems overshadowed by these valuation fears, prompting investors to reassess their strategies.