Market Turbulence Deepens Amid Tech Valuation Jitters

U.S. and European stock markets fell due to concerns over tech valuations and upcoming Nvidia earnings. Despite minor recoveries, major indexes remained in negative territory. Investors are cautious amid mixed data and a shifting market tone. Crude, Bitcoin, and gold rose, as did U.S. factory orders.

U.S. and European markets experienced significant dips on Tuesday as mounting concerns over technology valuations and the impending Nvidia earnings report led to extended selloffs. Despite some recovery by midday, key indexes remained in the red.

Major U.S. indexes, including the S&P 500, the Dow, and the Nasdaq, all recorded losses, maintaining a stretched downward streak, while technology and housing sectors faced scrutiny ahead of key earnings releases. Investor sentiment shifted as mixed data presented both opportunities and uncertainties.

Globally, market volatility persisted, with European and Asia-Pacific shares also declining. Commodity markets saw gains, with crude oil, Bitcoin, and gold prices rising amidst the economic turmoil. U.S. Treasury yields dipped slightly, reflecting cautious investor outlooks before potential Federal Reserve decisions.

(With inputs from agencies.)