U.S. Stock Indices Decline Amid Inflation Concerns

U.S. stock markets, particularly technology stocks, faced significant declines due to rising Treasury yields linked to persistent inflation data, with the Nasdaq Composite dropping nearly 2%. Notable companies like Palantir, Advanced Micro Devices, Tesla, and Nvidia saw their shares slide as economic indicators revealed strong services sector activity and unexpected increases in job openings, raising concerns about the Federal Reserve's ability to lower interest rates. The 10-year U.S. Treasury yield has surged to approximately 4.69%, reflecting investor apprehensions about inflation and economic resilience. Analysts express mixed opinions on tech stocks, with some suggesting potential growth despite recent downgrades. Market volatility is expected to continue as traders await further economic data, including ADP payroll figures and jobless claims. The overall market outlook remains uncertain, heavily influenced by upcoming reports and the Fed's stance on inflationary risks.