Tech Sector Downturn Leads Stock Market Slide

U.S. stock indexes fell amid mixed earnings reports and cautious Federal Reserve statements on interest rates.

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.