Overview

• Tech heavyweights like Uber and Shopify saw significant share declines following disappointing earnings, contributing to the broader market downturn.
• Federal Reserve officials signal potential for sustained high interest rates, dampening investor hopes for imminent cuts.
• Investor sentiment wavers as mixed corporate earnings and economic uncertainties foster a cautious market outlook.
• Treasury yields rose slightly, reflecting investor anticipation of the Fed's future monetary policy moves.
• Upcoming speeches from key Fed officials and economic data releases are expected to further influence market dynamics.