What happened: Nvidia (NVDA), Micron Technology (MU), and Alphabet (GOOGL, GOOG) led a tech sector sell-off on Tuesday in pre-market trading.
What's behind the move: Investors shifted into risk-off mode, selling this year's market leaders after a hawkish Federal Reserve signaled last week that inflation remains too high.
The overall tech sector (XLK) led the declines, dragging the Nasdaq Composite (^IXIC) lower and extending its losses for a second consecutive session.
Nvidia shares slipped 2% , while Alphabet also moved lower, extending the weakness across Big Tech from the previous session.
Micron, which is set to report earnings on Wednesday, tumbled more than 8%, retreating from record highs.
What's behind the move: Investors shifted into risk-off mode, selling this year's market leaders after a hawkish Federal Reserve signaled last week that inflation remains too high.
The overall tech sector (XLK) led the declines, dragging the Nasdaq Composite (^IXIC) lower and extending its losses for a second consecutive session.
Nvidia shares slipped 2% , while Alphabet also moved lower, extending the weakness across Big Tech from the previous session.
Micron, which is set to report earnings on Wednesday, tumbled more than 8%, retreating from record highs.
3 hours ago
