US stocks slump as fears over Big Tech shake Wall Street

Major US stock indices experienced a significant downturn, with the Nasdaq composite index recording its largest single-day decline since the beginning of 2025. This sharp drop was largely attributed to growing concerns surrounding the performance and outlook of prominent technology companies, which have a substantial influence on the broader market. Investors appeared to be reassessing their positions in these influential tech giants, leading to a wave of selling pressure across Wall Street.

This market movement is significant as it reflects investor sentiment and potential shifts in the technology sector, which has been a key driver of market performance.