$State Street® SPDR® PrtflNsdq®100ETF(QNDX.US), $iShares Nasdaq 100 ETF(IQQ.US), and $VG Info Tech(VGT.US) all fell by two percentage points. U.S. tech indices experienced a broad correction today. The decline was led by memory chips and concerns over AI valuations, with the index level following suit. This widespread drop is more a rebalancing of crowded positions rather than a shift in fundamentals.
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