US stocks open lower, extending selloff as tech stocks drag

Core Viewpoint - US stocks experienced a significant decline, primarily driven by renewed selling in technology stocks, which impacted the broader market [1] Market Performance - The Nasdaq Composite index fell by 1.5% - The S&P 500 index decreased by 1.1% [1] Contributing Factors - Concerns regarding artificial intelligence spending have contributed to market volatility - Shifting expectations around interest rates have also played a role - Uncertainty surrounding delayed government data has added to the market's instability [1]