Wall Street Woes: Tech Stocks Tumble Amid Interest Rate Concerns

Wall Street's main indexes fell amid concerns over high equity valuations and uncertainty over a Federal Reserve interest rate cut. Investors are eyeing Nvidia's earnings as a test for the AI-driven market rally. Tech stocks are hit hard, with significant losses across major companies like Amazon and Intel.

Wall Street's major indexes took a hit on Tuesday over anxieties about high equity valuations and fading hopes for a Federal Reserve interest rate cut.

Tech stocks, including Amazon and Intel, faced significant pressure, with losses mounting as Nvidia's anticipated earnings report looms.

Investors worry about the AI-driven rally's sustainability, as market leaders face challenges amidst a complex economic landscape.

(With inputs from agencies.)