Market Turmoil: Tech Giants Drag Wall Street Down

U.S. stocks experienced a decline with the S&P 500 suffering its fourth consecutive loss, influenced by concerns over tech valuations and Home Depot's poor forecast. Nvidia's earnings, awaited by investors, are critical amid AI-driven market interest. Upcoming U.S. jobs data adds another layer of market uncertainty.

In a tumultuous trading session, U.S. stocks fell with the S&P 500 and Nasdaq continuing their downward trajectory, driven by concerns over technology sector valuations and Home Depot's disappointing financial outlook.

The Dow Jones, S&P 500, and Nasdaq all closed with losses, marking a significant period of volatility in the financial markets as shares of Nvidia dipped ahead of much-anticipated earnings results related to artificial intelligence.

The pending September jobs report set for release Thursday further heightens market nerves, especially as analysts observe a surge in unemployment claims and a cooling labor market following the recent government shutdown.

(With inputs from agencies.)