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Technology stocks led the overall market declines on Thursday. The S&P 500 Technology Sector (XLK) ETF slid 2.8% by mid-session.
AI chip heavyweight Nvidia (NVDA) was down more than 4% along with other semiconductor stocks.
Among Big Tech’s software giant, Microsoft (MSFT) fell more than 5% following its quarterly results. Social media company Meta (META) fell roughly 4% after indicating it will step up spending on AI infrastructure next year.
Amazon (AMZN), set to report earnings after the bell, also dropped more than 3%.
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