降息梦碎，科技股血洗！昨夜华尔街上演“大逃杀”

Group 1 - The core point of the article highlights a significant market downturn, particularly affecting technology stocks, which experienced a dramatic sell-off, leading to concerns about the sustainability of high valuations and growth expectations [1][2][5]. Group 2 - The "Big Seven" tech stocks faced severe declines, with Tesla (TSLA) dropping over 6%, Nvidia (NVDA) down 3.5%, and AMD and Oracle both falling more than 4%, indicating a systemic pressure test on the tech sector's high valuations [2][4]. - Cisco (CSCO) stood out by rising over 4% due to better-than-expected earnings and optimistic guidance, showcasing the appeal of stable, value-oriented tech stocks amid market turmoil [3][4]. - Chinese stocks listed in the U.S. also struggled, with Baidu (BIDU) plummeting over 6% due to concerns about its advertising business recovery and AI investments, while Alibaba (BABA) managed a slight increase of 1% amid restructuring expectations [4][5]. Group 3 - The market's fear stems from three main sources: persistent inflation leading to a prolonged high-interest rate environment, high valuations making tech stocks vulnerable to negative news, and technical breakdowns triggering automated sell-offs [5][6]. - Historical patterns suggest that the current downturn may be a healthy correction or the beginning of a larger decline, depending on upcoming inflation data and corporate earnings performance [7][8].