Investors Dump Tech Shares as Shutdown Relief Evaporates

The recent selloff in tech shares has led to a notable decline in US equity indexes, marking the worst downturn since October. This situation arises as investors react to the evaporating relief from the government shutdown and the looming release of delayed economic data. Traders are increasingly worried about a slower pace of interest rate cuts, which has contributed to the market's volatility. As highlighted in related reports, the combination of these factors is creating an environment ripe for larger market swings, emphasizing the interconnectedness of economic data and investor sentiment.