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The S&P 500 declined yesterday, driven primarily by a sharp sell-off in mega-cap technology and artificial intelligence (AI) stocks.
Key drivers behind the slump include:
* Disappointing Tech Earnings & Guidance: Weak financial results and cautious forward guidance from industry leaders like Amazon and Intel spooked investors, adding to the previous session's sell-off in Alphabet.
* AI ROI Concerns: Market participants expressed growing anxiety over massive capital expenditures in AI infrastructure versus delayed visible returns on investment.
* Rotation to Safe Havens: Broad weakness in semiconductor and growth names prompted a flight to safety, with capital shifting into defensive sectors like staples, healthcare, and U.S. Treasur
ies.
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