US Indices Drop as Tech Selloff Drives Nasdaq Down 0.60%

Major US indices close lower with Nasdaq leading declines at -0.60%, driven by tech profit-taking and rising Treasury yields, while energy posts modest gains.

Woofun AI reports that US equities finished in the red, with the Nasdaq Composite falling 0.60%, the S&P 500 sliding 0.32%, and the Dow Jones Industrial Average dropping 0.34%. The decline was primarily driven by a technology-led selloff amid concerns over stretched valuations and rising Treasury yields, while energy and consumer staples posted modest gains. Trading volume remained slightly above average, reflecting active institutional participation as investors weighed mixed Q2 earnings guidance and cautious Federal Reserve policy signals.